First Treet Manufacturing Modaraba has announced that a merger petition seeking court approval for its proposed Scheme of Arrangement with Treet Packaging Limited was filed before the Lahore High Court on October 22, 2026.
According to a material information disclosure submitted to the Pakistan Stock Exchange (PSX) on October 23, 2026, the petition was filed under Sections 279 to 283 and Section 285, read with Section 505(1)(c) and other enabling provisions of the Companies Act, 2017.
The development follows an earlier disclosure dated September 8, 2026, regarding the issuance of a No Objection Certificate (NOC) by the Securities and Exchange Commission of Pakistan (SECP) for the proposed Scheme of Arrangement between First Treet Manufacturing Modaraba and Treet Packaging Limited.
The filing represents a further procedural step in the proposed merger, which remains subject to consideration by the Lahore High Court. The court has been requested to sanction the Scheme of Arrangement in accordance with the applicable legal provisions.
First Treet Manufacturing Modaraba, managed by Treet Holdings Limited, stated that it would continue to keep the PSX, SECP, certificate holders and other stakeholders informed about further developments.
The company also requested the exchange to inform its TRE Certificate Holders accordingly.
The latest announcement provides shareholders and market participants with an update on the regulatory and legal proceedings related to the proposed merger. Further developments will depend on the court proceedings and any subsequent disclosures issued by the company.
