Faisalabad: Chenab Limited, a textile company listed on the Pakistan Stock Exchange (PSX), has announced the board's decision to sell several of its non-core assets in an effort to reduce its debt obligations. This decision was made during a board meeting held on September 9, 2026, at the company's registered office in Nishatabad, Faisalabad.

The assets set for sale include a weaving unit located in Chak No.44 R.B., Tehsil Shahkot, District Nankana Sahib, which comprises 197 Kanals and 16 Marlas of land, along with buildings and machinery. Additionally, the company plans to sell another unit on 16 Kanals and 13 Marlas of land situated on Jhumra Road, Gatti, Faisalabad. Open plots measuring 4 Kanals and 2.5 Sarsahi outside the main unit in Nishatabad, Faisalabad, are also up for sale.

According to information available from the Pakistan Stock Exchange (PSX), the company's strategic move to dispose of these assets, which are not integral to its core operations, is designed to raise funds for debt repayment without impacting its operational capacity.

The board's resolution is contingent upon the approval of secured creditors, ensuring that the interests of all stakeholders are considered in this transaction. Chenab Limited's decision underscores a targeted approach to financial restructuring, with the specific aim of addressing its current liabilities.