Karachi: Haji Mohammad Ismail Mills Limited has announced its decision to merge with SEGO Pakistan (Private) Limited, a move that was sanctioned during a board meeting on May 21, 2026. The merger is pending approval from the Honorable High Court and the shareholders of the company.
The board meeting, held at the company’s registered office, was attended by key members, including Mr. Muhammad Sarfraz, the Company Secretary. The minutes from a previous meeting on April 24, 2026, were confirmed and approved before the focus shifted to the proposed merger.
The merger aims to consolidate the operations of both entities, with strategic benefits anticipated from the transaction. According to information available from the Pakistan Stock Exchange (PSX), the merger is subject to necessary regulatory, corporate, shareholder, and judicial approvals. Among these, approval from the Honorable High Court and other relevant authorities is essential to proceed.
The board has authorized Mr. Muhammad Sarfraz and Mr. Sohail Ahmed, the CFO, to undertake negotiations and fulfill all legal requirements necessary for the merger. SEGO Pakistan’s board had approved the merger on May 20, 2026, empowering Mr. Shehzad Hussain to oversee the execution of the merger-related formalities.
This merger announcement falls under the designated market category of material information disclosure, as per Sections 96 and 131 of the Securities Act, 2015, and related rules of the Pakistan Stock Exchange.