Matco Foods Limited has approved subscription to a rights issue of its wholly owned subsidiary, Falak Foods Limited (FFL), and authorized the sale of a business unit in Kamoki to the same entity, according to a disclosure to the Pakistan Stock Exchange on Tuesday. The board, through a resolution passed on April 20, 2026, allowed the company to subscribe to the rights issue at par value, while also approving the transfer of an immovable property spanning 3.47 acres in Tehsil Kamoki, District Gujranwala. The asset includes land, along with associated buildings, plant, machinery and equipment, which will be sold to FFL against cash consideration.
The company said the payment for the transaction will be made by FFL after raising funds through the rights issue. Matco Foods will continue to hold 100% ownership of Falak Foods Limited following the transaction. The disclosure follows an earlier announcement made on January 12, 2026, and has been shared with the exchange under relevant regulatory requirements.