Crescent Fibres Limited has announced the proposed sale of a 14-acre land parcel and associated building located in Nooriabad, Sindh, as recommended by its Board of Directors.
- The land spans 233,270 square feet and is part of the company's Spinning Unit-1.
- An Extra Ordinary General Meeting (EOGM) is scheduled for November 10, 2026, to seek shareholder approval for the sale.
- This move aligns with the company's strategic objectives and regulatory compliance under the Companies Act 2017.
- The outcome of the EOGM will be crucial for finalizing the sale process.