Karachi: The Board of Directors of Merit Packaging Limited has approved the sale of its Plant and Machinery (Flexible Unit) and associated Goodwill located in Karachi to an independent third party. This decision was made during a board meeting held at the company's registered office in Karachi on June 3, 2025.

The company has scheduled an Extraordinary General Meeting (EOGM) on June 27, 2025, in Karachi to discuss this matter with shareholders. In preparation for the meeting, the Share Transfer Books of the company will be closed from June 20, 2025, to June 27, 2025. Share transfers received by the company's registrar in Karachi by the close of business on June 19, 2025, will be considered timely for attending the EOGM.

According to information available from the Pakistan Stock Exchange (PSX), the disposal of these assets is part of the company's broader strategy to streamline its operations. This move is expected to impact the designated market category in which Merit Packaging operates.

The board has documented the resolution authorizing this disposal, which was passed unanimously during the June 3 meeting. This resolution is attached as Annexure "A" and has been communicated to the TRE Certificate Holders of the Exchange for further dissemination.