Notices Closed 05 Aug 2026
Suhail Jute Mills Ltd. EGM: Proposed Disposal of Land in Nowshera (744 Kanals & 2 Marlas) — 05 Aug 2026
Suhail Jute Mills Ltd. EGM · Nowshera · Nawa-i-Waqt,
Notice advertisement published in Nawa-i-Waqt on Tuesday, 14 July 2026, listed under Nowshera, Pakistan. Issued by Suhail Jute Mills Ltd. EGM. The last date printed on the advertisement was Wednesday, 5 August 2026 and has passed.
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Issuer: Suhail Jute Mills Limited. Notice of an Extraordinary General Meeting (EGM) of shareholders to be held on 2026-08-05 at 15:00 at the company's Registered Office (505/19, New Harley Street, Rawalpindi) to transact a special resolution authorizing disposal of land with building structures. The Board and Chief Executive are authorized to take all necessary steps to effect the disposal, including entering into joint ventures, public-private partnerships or other arrangements. The sale is proposed to settle liabilities and reduce company debt.
| Particular | Detail |
|---|---|
| Description / Name of Asset | Land with building structures thereon |
| Date of Acquisition of Asset | 1 July 2017 (brought into books after being acquired through merger) |
| Cost | Rupees 281,643,000 (acquisition value at merger) |
| Revalued Amount & Date | Rupees 331,500,000 — revalued on 05 July 2025 |
| Book Value | Rupees 281,643,000 |
| Approximate Current Market Price / Fair Value | Rupees 331,500,000 |
| Expected Sale Price if Lower — Reasons | 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 |
| Potential Buyer / Related Party | It is not expected that a potential buyer shall be a related party |
| Utilization of Proceeds | Settlement of liabilities of financial institutions, settlement of government and employees dues, settlement of other creditors |
| Effect on Operational Capacity | There will be no effect on operational capacity |
| Quantitative & Qualitative Benefits to Members | Settlement of long-standing obligations, primarily avoiding forced liquidation of land by decree holders which can substantially impair the value of the land and eliminating interest burden on the company by making the company debt-free |
Additional notes: Notice dated 13 July 2026. Share transfer books of the company shall remain closed from 2026-07-29 to 2026-08-05 (both dates inclusive) for determination of entitlement to attend the meeting. A member entitled to attend and vote may appoint a proxy; proxies must be deposited at the company's registered office at least 48 hours before the meeting. Members may seek further participation arrangements as permitted by the company.
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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