Merit Packaging Limited Approves Asset Sale for Rs1 Billion

The shareholders of Merit Packaging Limited (MPL) have given the green light to the disposal of significant assets. This includes the plant and machinery of its flexible packaging division, along with its associated brand reputation, for a total sum of Rs1 billion.

The publicly listed firm, which specializes in the production and distribution of printing and packaging materials, communicated this development in a notification to the Pakistan Stock Exchange (PSX) on Monday.

The decision was ratified during an Extraordinary General Meeting (EGM) that took place on June 27, 2025. MPL stated that Kompass Pakistan (Private) Limited presented the most competitive bid, which the company accepted following a thorough assessment.

The notification stated: “The approval of shareholders is hereby granted for the sale of the Company’s assets, specifically the plant and machinery (flexible packaging unit) and its goodwill situated at 17-B, Sector 29, Korangi Industrial Township, Karachi, for a total sale amount of Rs1,000,000,000, based on the most favorable quote received from the interested party.”

It also mentioned that the Board of Directors has been empowered to complete the transaction. This includes executing sales agreements, receiving payments, and managing all required legal procedures related to the transfer of the assets.

At the time of this report, Merit Packaging Limited’s stock price was trading at Rs14.30, reflecting an increase of Re0.35, or 2.51%.

MPL, established in Pakistan as a public limited company in 1980, is involved in the creation and sale of printing and packaging solutions.

The company serves various industries such as food and beverage, surgical instruments, consumer products, and textiles, and is part of The Lakson Group.