Crescent Fibres Limited held an Extraordinary General Meeting (EOGM) on November 10, 2026, where significant resolutions were passed regarding the disposal of leasehold land and buildings.
- EOGM took place on November 10, 2026.
- Shareholders approved the disposal of 14 acres of leasehold land and 233,270 square feet of buildings located at Plot No. B/123, Nooriabad, S.I.T.E., District Jamshoro, Sindh.
- The resolution allows the company to sell the assets, subject to obtaining no-objection certificates from lenders.
- Mr. Imran Maqbool (CEO) and Mr. Humayun Maqbool (Director) are authorized to negotiate and execute the sale.
- Proceeds from the sale will be used for debt repayment, capital expenditure, and working capital.
- No book closure dates for voting entitlement were mentioned.