Karachi: Dawood Lawrencepur Limited (DLL) has announced the successful approval of a comprehensive Scheme of Amalgamation during its Extraordinary General Meeting held on January 27, 2026, at the Karachi School of Business and Leadership and via video link. The meeting, convened at 12:45 PM, saw shareholders endorsing a significant corporate reorganization involving the merger of DHPL and Cyan Limited into DLL.

According to the certified resolutions disclosed by Khwaja Osama Musharraf, the Company Secretary of DLL, the decision was made to amalgamate the entire undertaking, including all assets, liabilities, and obligations, of DHPL and Cyan into DLL. This amalgamation is structured as a transfer of all assets and responsibilities to DLL, the surviving entity, in exchange for fully paid-up ordinary shares of Rs. 10 in DLL, allocated to the members of DHPL and Cyan based on pre-determined swap ratios.

The approved Scheme also entails the dissolution of DHPL and Cyan without winding up, as per the terms laid out in the Scheme. This strategic move aligns with Sections 279-282 and 285(8) of the Companies Act, 2017, and was prepared with the approval of the Board of Directors, subsequently circulated among DLL members.

The resolutions authorize the Chief Executive Officer, Chief Financial Officer, and the Company Secretary to undertake all necessary corporate, legal, and regulatory actions to implement the amalgamation. This includes executing required documents and complying with regulatory mandates from the Hon'ble Islamabad High Court. According to information available from the Pakistan Stock Exchange (PSX), such corporate maneuvers are instrumental in reinforcing DLL’s market position.

The announcement underscores DLL's commitment to strategic growth and market consolidation, a development closely watched by stakeholders in the designated market category.