Karachi: Image Pakistan Limited, during its Extra Ordinary General Meeting held on March 21, 2025, has authorized significant corporate actions in alignment with its strategic objectives. The company, in adherence to clause 5.6.9(b) of the Pakistan Stock Exchange (PSX) Regulations, passed resolutions that include an equity investment authorization and the disposal of a major plant asset.

The meeting granted approval for the company to make an equity investment of up to Rs. 100.00 million in its wholly owned subsidiary, M/s. Image Global Limited. This move is intended to bolster the subsidiary’s capital base, as per the terms and conditions disclosed to the company’s members.

Additionally, Image Pakistan Limited has resolved to dispose of its Polyester Filament Yarn Plant. The decision reflects the company’s strategy to streamline operations and focus resources on more profitable ventures. The authorization empowers the Chief Executive and Company Secretary to undertake all necessary legal formalities and documentation to implement these resolutions effectively.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions are part of the company’s ongoing efforts to optimize its financial and operational standing within the designated market category. The strategic decisions are anticipated to have a significant impact on the company’s future performance and investment portfolio.

The resolutions underscore Image Pakistan Limited’s commitment to strategic growth and financial restructuring, aligning its resources with long-term business goals.