Karachi: Mirpurkhas Sugar Mills Limited has announced its intention to divest its shareholdings in Cherat Cement Company Limited and Cherat Packaging Limited, a strategic decision aimed at reducing debt obligations and enhancing liquidity. The announcement was made through a resolution by circulation passed by the company’s Board of Directors on December 30, 2025.

The company plans to sell 2,697,277 shares in Cherat Cement Company Limited and 2,437,615 shares in Cherat Packaging Limited. This decision is part of a broader financial strategy that requires final approval from the company’s shareholders. The voting is scheduled to take place at the Annual General Meeting on January 21, 2026, in compliance with Section 183 of the Companies Act, 2017.

According to information available from the Pakistan Stock Exchange (PSX), the decision to dispose of these shares in the open market has been communicated to the relevant parties, ensuring transparency as required by the Securities Act, 2015, and the PSX Rule Book.

The move by Mirpurkhas Sugar Mills Limited reflects a proactive approach to financial management, focusing on optimizing the company’s fiscal position and preparing for future growth opportunities within the designated market category. The PSX has been requested to circulate this information to the certificate holders to ensure broad awareness and compliance.