Karachi: SG Allied Businesses Limited has reported a notable growth trajectory following its strategic shift from fiber manufacturing to agricultural ventures, according to the company's Chairman in a report dated October 14, 2026. This shift includes ventures into hydroponic farming, cold storage, and warehouse facilities, as detailed in the annual performance evaluation for the financial year ending June 30, 2026.
The Board of Directors, responsible for steering the company's strategic direction, held four meetings during the reviewed year. They assessed their performance as satisfactory, based on established criteria. The Board's new business initiatives, including hydroponic vertical farms and storage facilities, have been operational and well-received in the market, catering to leading restaurants and marts.
According to information available from the Pakistan Stock Exchange (PSX), SG Allied Businesses Limited demonstrated healthy financial growth in 2026. The company's revenue from hydroponic vertical farm products was reported at 65.28 million, a decrease of 12.58%, classified as a very large move. Cold storage operations generated 10.92 million, up 3.60%, a significant move, while warehouse facilities reported a 22.10% increase, with revenue reaching 119.72 million, a very large move. Overall, the company's revenue increased by 6.90%, reflecting a very large move.
The Board's strategy includes ongoing evaluations of the company's vision and mission, strategic planning, and the establishment of annual goals. The governance framework has been strengthened, with a mix of independent and non-executive directors contributing to decision-making processes. The upcoming 58th Annual General Meeting on October 28, 2026, will address financial statements, confirm minutes from the previous meeting, and appoint auditors for the next fiscal year.
This transformation marks SG Allied Businesses Limited's commitment to innovation and resilience, as it positions itself for sustained growth in its new market category.