Merit Packaging Limited (MPL) has announced shareholder approval for the sale of significant assets to Kompass Pakistan (Private) Limited, marking a major shift in the company’s operational structure.
The transaction, valued at Rs1 billion, includes the plant and machinery of MPL’s flexible packaging unit along with related goodwill. The decision was formalized during an Extraordinary General Meeting (EGM) held on June 27, 2025, and disclosed to the Pakistan Stock Exchange (PSX) on Monday.
According to the company notice, Kompass Pakistan submitted what was described as the “best available offer,” which was accepted after due evaluation.
“The consent of shareholders be and is hereby accorded to the disposal and sale of the Company’s assets comprising of plant and machinery (flexible packaging unit) and goodwill located at 17-B, Sector 29, Korangi Industrial Township, Karachi for an aggregate sale consideration of Rs1,000,000,000 based on the best available quote from the interested party,” the statement read.
The Board of Directors has been authorised to complete the transaction, including signing agreements, processing payments, and managing the legal and administrative steps necessary for asset transfer.
As of the market close on the day of the announcement, MPL’s share price rose to Rs14.30, reflecting a gain of Rs 0.35 or 2.51%.
Founded in 1980, Merit Packaging is a public limited company engaged in the manufacturing and supply of printing and packaging solutions for sectors including food and beverages, textiles, surgical instruments, and consumer goods. The company operates under the umbrella of The Lakson Group.