Notices Closed 05 Aug 2026
Suhail Jute Mills Ltd — Notice of Extraordinary General Meeting to Approve Disposal of Land (Nowshera)
Suhail Jute Mills Ltd · Rawalpindi · Nawa-i-Waqt,
Notice advertisement published in Nawa-i-Waqt on Tuesday, 14 July 2026, listed under Rawalpindi, Pakistan. Issued by Suhail Jute Mills Ltd. The last date printed on the advertisement was Wednesday, 5 August 2026 and has passed.
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Issuer: Suhail Jute Mills Limited. An Extraordinary General Meeting of members will be held on 2026-08-05 at 15:00 at the Registered Office of the Company (505/19, New Harley Street, Rawalpindi) to transact special business, including a special resolution authorizing the Chief Executive and Board of Directors to take all necessary steps to dispose of part of the Company’s land and related approval matters. The meeting will also confirm the minutes of the Annual General Meeting held on 2025-10-28.
The company dated this notice 2026-07-13. Share transfer books will remain closed from 2026-07-29 to 2026-08-05 (both dates inclusive) for the purpose of determining entitlement to attend the meeting. A member entitled to attend and vote may appoint a proxy; proxies to be effective must be received at the registered office at least 48 hours before the meeting. Members may request participation through video link in terms of applicable SECP circulars.
| Particular | Detail |
|---|---|
| Description / Name of Asset | Land with building structures thereon |
| Date of Acquisition | 1 July 2017 (brought into books after being acquired through merger) |
| Cost / Acquisition Value | Rupees 281,643,000 (acquisition value at merger) |
| Revalued Amount and Date | Rupees 331,500,000 (revaluation dated 05 July 2025) |
| Book Value | Rupees 281,643,000 |
| Approx. Current Market Price / Fair Value | Rupees 331,500,000 |
| Expected Sale Price | Not expected to be lower |
| Location of Land | Nowshera, Khyber Pakhtunkhwa (KPK) |
| Nature of Land | Industrial |
| Area Proposed to be Sold | 744 Kanals & 2 Marlas |
| Manner of Disposal | By negotiated sale |
| Related-Party Consideration | It is not expected that a potential buyer shall be a related party |
| Utilization of Proceeds | Settlement of liabilities to financial institutions, settlement of government and employees’ dues, settlement of other creditors |
| Effect on Operational Capacity | No effect on operational capacity |
| Quantitative & Qualitative Benefits to Members | Settlement of longstanding obligations, avoidance of forced liquidation by decree holders, reduction of indebtedness and interest burden, and improvement of company’s financial position |
For further procedural details: proxies must be delivered to the registered office 48 hours before the meeting; members are requested to promptly inform the Company of any change in address; other business may be transacted with the Chair’s permission.
Published in Nawa-i-Waqt on Tuesday, 14 July 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
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