Karachi: Arif Habib Limited has submitted a proposed offer letter concerning the public announcement for a public offer to acquire up to 6,007,632 ordinary shares of Mitchells Fruit Farms Limited. This move is part of a strategic acquisition effort under the Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The announcement, made on behalf of CCL Holding Private Limited, was initially published in the Business Recorder and Nawa-i-Waqt newspapers on July 30, 2025. The acquisition effort, which aims to secure a significant portion of Mitchells Fruit Farms Limited's shares, involves compliance with the regulatory framework established by the Securities Act and the aforementioned regulations.

According to information available from the Pakistan Stock Exchange (PSX), the proposed acquisition is a substantial move in the designated market category, indicating a strategic shift in shareholding for Mitchells Fruit Farms Limited. The offer, orchestrated by Arif Habib Limited as the manager to the offer, signals a noteworthy development in the market landscape.

The proposed offer letter, along with necessary enclosures, will be dispatched to all shareholders of Mitchells Fruit Farms Limited, ensuring transparency and compliance with regulatory requirements. This step is intended to facilitate a smooth transaction process and provide clarity to all parties involved.

For and on behalf of Arif Habib Limited, the submission underscores the firm's commitment to adhering to the prescribed regulatory measures while effecting the public offer. The outcome of this acquisition bid will be closely monitored by market participants and stakeholders alike.