November 11, 2025 (MLN): First Equity Modaraba (PSX:FEM), as shareholder of its wholly owned subsidiary Equity Textile Limited, approved the proposed sale or disposal of the subsidiary’s assets and property situated at Plot No. A-44, Sindh Industrial Trading Estates Ltd (SITE), Nooriabad, District Jamshoro.

The transaction covers land, building, plant, machinery, allied equipment, fittings, and appurtenances located at the site, according to the filing submitted to psx today.

The sale process will proceed in accordance with applicable laws and remains subject to completion of necessary corporate, regulatory, and legal formalities.