Lahore: Nishat Mills Limited has scheduled an Extraordinary General Meeting (EOGM) for September 23, 2026, at 11:30 a.m. The meeting will take place at the Nishat Hotel, located within Emporium Mall, Trade and Finance Centre Block, near the Expo Centre on Abdul Haq Road in Johar Town, Lahore. This announcement comes following their letter dated August 19, 2026, referencing Letter No. NML-PSX/880.

The meeting aims to address a critical agenda item concerning the company's strategic investment decisions. Nishat Mills Limited, a prominent entity in the textile sector, will seek shareholder approval for a proposed transaction involving the disposal of its entire shareholding in Nishat Sutas Dairy Limited. The proposed sale amounts to a total of 409,673,410 ordinary shares, which are set to be transferred to Süta Sütas Süt Ürünleri A.S. ("Sutas"), the company's joint venture partner in the dairy business.

According to information available from the Pakistan Stock Exchange (PSX), this transaction is positioned as a special business item requiring a draft special resolution. The EOGM will provide an opportunity for shareholders and other entitled persons to deliberate on this proposal, offering a platform for discussion on the potential implications and benefits of the share disposal.

The decision to convene the EOGM reflects Nishat Mills Limited's ongoing efforts to optimize its investment portfolio and align its business strategy with market opportunities. Shareholders are encouraged to participate in the meeting to voice their perspectives and contribute to the company's decision-making process.