Matco Foods Limited, one of Pakistan’s leading rice exporters, has announced its plans to list its wholly-owned subsidiary, Falak Foods (Pvt.) Limited, as a separate legal entity on the Pakistan Stock Exchange (PSX), according to a company’s filing at the exchange on Tuesday.
The company has resolved to offer at least 25% of the subsidiary’s shares through a public offering.
This move follows the approval of the Business Transfer Agreement (BTA) between Matco Foods and Falak Foods, which was disclosed on November 17, 2025. The company has also appointed K-Trade Securities Limited as the Consultant to the Issue for the proposed offering.
“Further to the announcement, dated November 17, 2025, regarding the Business Transfer Agreement (BTA) between Matco Foods Limited and our wholly owned subsidiary, Falak Foods (Pvt.) Limited, we are pleased to inform you that, after evaluating various equity-raising options, the Board has decided that the subsidiary will be listed as a separate legal entity on the Exchange,” read the notice.
According to the disclosure, the public offering aims to provide investors with an opportunity to acquire shares in the newly listed entity, further enhancing the visibility and growth potential of Falak Foods in the market.
On Monday, Matco Foods officially transferred its spice and masala packaging segment to its wholly owned subsidiary, Falak Foods (Private) Limited.
Falak Foods, a subsidiary of Matco Foods, primarily handles the processing and packaging of a wide range of spices and condiments. With this transfer, Falak Foods will take full control of the spice and masala packaging operations, enhancing its ability to scale and optimize its processes.
Matco Foods also shared a separate notice on Monday regarding its strategic expansion plans. The company announced that the Faisalabad Industrial Estate Development & Management Company (FIEDMC) has allotted Matco Foods a 13.21-acre plot in the Special Economic Zone, Allama Iqbal Industrial City. This plot is located next to the existing site where Matco’s corn starch division operates. The new plot will support Matco’s future expansion initiatives, aligning with the company’s broader growth strategy.
Earlier in May 2025, Matco Foods approved a restructuring plan for its corn starch business. As part of this initiative, the corn starch operations will be transferred to another subsidiary, Matco Corn Products (Private) Limited (MCPPL), which will issue shares to Matco Foods in return.
Founded in 1964 as Matco Rice Processing Private Limited, Matco Foods is one of the largest rice exporters in Pakistan. The company processes and exports rice, rice protein, rice glucose, pink salt, condiments, spices, dessert mixes, and more. Its flagship brand, ‘Falak,’ is sold in over 65 countries globally.
