Karachi, In compliance with a court order, Big Bird Foods Limited (BBFL) has announced an Extraordinary General Meeting (EOGM) for its shareholders on July 31, 2023, in Lahore. The purpose of the meeting is to consider and potentially adopt the Scheme of Compromises, Arrangements, and Reconstruction, which involves the merger of MetaTech Trading Limited with BBFL.

Following a meeting on June 22, 2023, the Board of Directors of BBFL has approved the proposed scheme and recommended its resolutions to the shareholders. The Scheme aims to facilitate the amalgamation/merger of MetaTech Trading Limited, including its members, with Big Bird Foods Limited and its members. The Board of Directors passed a resolution to endorse the draft scheme of compromises, arrangement, and reconstruction, in accordance with the relevant provisions of the Companies Act, 2017.