Karachi: Matco Foods Limited has announced that its Board of Directors has approved the exploration and evaluation of strategic options to raise growth capital for its Corn Starch Division. The decision was made during a board meeting held on November 25. This move is aimed at supporting the division's ongoing operations, strategic investments, and expansion plans.

The company has appointed Bank Alfalah Limited as its financial advisor to facilitate this process, according to information available from the Pakistan Stock Exchange (PSX). This engagement marks a significant step in Matco Foods Limited's efforts to secure the necessary capital for its future growth initiatives.

As the company proceeds with its plans, Matco Foods Limited has assured its shareholders that they will be kept informed of any potential investments through further announcements as the matter develops. The company has emphasized its commitment to transparency and keeping stakeholders updated as it explores these strategic options.