Chenab Limited Approves Sale of Non-Core Assets, Proceeds to Be Used for Debt Repayment
Faisalabad, September 9, 2026: Chenab Limited has announced a plan to sell several non-core assets, subject to approval from its secured creditors, as part of its efforts to repay the company’s debt.
According to a material information disclosure submitted to the Pakistan Stock Exchange, the Board of Directors approved the proposed sale at its meeting held on September 9, 2026. The assets identified for disposal include industrial and real estate properties that are not directly related to the company’s core business.
The assets proposed for sale include a weaving unit measuring 197 kanals and 16 marlas, along with buildings, plant and machinery. The unit is located at Chak No. 44 RB, Tehsil Shahkot, District Nankana Sahib.
The company also plans to dispose of a 16-kanal, 13-marla unit with buildings situated at Chak No. 191 RB, Jhumra Road, Gatti, Faisalabad. In addition, Chenab Limited intends to sell open plots measuring 4 kanals and 2.5 sarsahi located outside its main unit in Nishatabad, Faisalabad.
Chenab Limited stated that the assets proposed for disposal do not form part of its core business. As a result, their sale is not expected to affect the company’s operational capacity.
Importantly, the company said that the entire proceeds from the sale of these assets will be utilized for repayment of its debt. The move could therefore help Chenab Limited strengthen its financial position while disposing of assets that are not essential to its ongoing operations.
The proposed transactions remain subject to the approval of the company’s secured creditors.
