Lahore: Mitchells Fruit Farms Limited announced a significant change in shareholding structure as part of its compliance with regulatory requirements. On May 14, 2025, Syeda Maimanat Mohsin and Syeda Matanat Ghaffar, collectively referred to as the Shareholders, disclosed to the Company their execution of a Share Purchase Agreement (SPA) with CCL Holding (Private) Limited (CCL). The agreement involves the sale of the Shareholders' entire shareholding in Mitchells, which comprises 9,293,244 ordinary shares, representing 40.63% of the total paid-up share capital.

The transaction, valued at an undisclosed amount, marks a significant shift in the ownership structure of Mitchells Fruit Farms Limited. The completion of the transaction is contingent upon several conditions, including the issuance of a public offer by CCL, the acquisition of necessary regulatory approvals, and the fulfillment of other closing formalities. This change in shareholding is viewed within the designated market category of material information disclosure.

According to information available from the Pakistan Stock Exchange (PSX), such transactions are subject to strict regulatory scrutiny to ensure transparency and compliance with the Securities Act 2015 and the rules of the Pakistan Stock Exchange Limited. The SPA executed on May 14, 2025, follows the procedural requirements set forth by these regulations.

The announcement is in continuation of Mitchells Fruit Farms Limited's earlier disclosures, adhering to Sections 96 & 131 of the Securities Act 2015 and Clause 5.6.1 of the PSX Rule Book. The Company anticipates further updates once the required regulatory processes are fulfilled and the transaction is formally concluded.