Karachi: In a significant development, Calcorp Limited has announced the approval of a key asset sale, according to details released today. The company’s board of directors, in a meeting held on May 8, 2025, approved the sale of 31 vehicles to Optimus Ltd. for Rs146.50 million.

The transaction, which was executed following the approval obtained in the Extraordinary General Meeting (EOGM) on October 16, 2024, marks a notable move for the company in its asset management strategy. The decision underscores Calcorp Limited's ongoing efforts to optimize its asset portfolio and is expected to impact its financial standing.

According to information available from the Pakistan Stock Exchange (PSX), the sale has been positioned within the designated market category. The approval process highlights a procedural adherence to shareholder decisions made in the EOGM, reflecting the company’s commitment to operational transparency.

The sale of these vehicles is part of Calcorp Limited’s strategic initiatives aimed at streamlining operations and reallocating resources to enhance overall efficiency. The financial implications of this transaction are anticipated to be reflected in the upcoming fiscal reports of the company.