Chenab Limited to Sell Properties and Machinery to Repay Debt

Chenab Limited (PSX: CHBL) has approved the sale of three non-core assets, with the proceeds to be applied for repayment of the company's debt.

Key points

• The assets include a weaving unit spread over 197 kanals and 16 marlas in Tehsil Shahkot, District Nankana Sahib, along with its buildings, plant and machinery.
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• The firm disclosed the decision after its board gathering held on September 9, 2026, subject to approval from secured creditors.
• The firm additionally intends to sell a 16 kanal and 13 marla unit with buildings located on Chak No.
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Notably, the firm disclosed the decision after its board gathering held on September 9, 2026, subject to approval from secured creditors.

Notably, the assets include a weaving unit spread over 197 kanals and 16 marlas in Tehsil Shahkot, District Nankana Sahib, along with its buildings, plant and machinery. SBP Spends Rs. 30 Billion on Printing Currency Notes.

In practice, the firm additionally intends to sell a 16 kanal and 13 marla unit with buildings located on Chak No. 191 RB, Jhumra Road, Gatti, Faisalabad.

In practice, the third asset comprises open plots measuring four kanals and 2.5 sarsahi outside the company's main unit in Nishatabad, Faisalabad.

Chenab remarked the assets are not related to its core business and their sale will not affect the company's operational capacity. It remarked the entire proceeds from the sales will be employed to repay firm debt. Stay Connected with ProPakistani.

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Taken together, the developments around chenab Limited to Sell Properties and Machinery to Repay Debt point to a situation that is still moving, and the coming days should bring more clarity.