Karachi: Shahzad Textile Mills Limited has announced plans to dispose of its investment property located in Lahore, contingent on shareholder approval. The decision was made during a recent board meeting, where directors outlined the steps necessary to proceed with the divestment.

The company has indicated that a Notice of the Extraordinary General Meeting (EOGM) will be dispatched to relevant parties in due time. Stakeholders and TRE Certificate Holders of the exchange have been advised to stay informed regarding these developments.

According to information available from the Pakistan Stock Exchange (PSX), this move represents a significant strategic shift for the company. The divestment of the Lahore property is expected to impact the company's financial standing, although further details on the implications remain forthcoming.

Market analysts and investors will be closely monitoring any updates related to the EOGM, as the outcome of shareholder approval will determine the final execution of the board's decision. The designated market category for this announcement emphasizes the importance of transparency and regulatory compliance in such corporate actions.