Quice Food shareholders approve merger scheme with Indus Fruit Products

Shareholders of Quice Food Industries Limited have approved a draft Scheme of Arrangement for the amalgamation and merger of Indus Fruit Products Limited with and into Quice Food Industries Limited.

According to a notice submitted to the Pakistan Stock Exchange, the special resolution was passed at the Extraordinary General Meeting of Quice Food Industries Limited held on June 23, 2026, at the company’s registered office in Karachi.

Under the proposed scheme, Indus Fruit Products Limited will be merged into Quice Food Industries Limited along with all its assets and liabilities.

In exchange, ordinary shares of Quice Food Industries Limited will be issued to the shareholders of Indus Fruit Products Limited in accordance with the Scheme of Arrangement.

The merger will result in the dissolution of Indus Fruit Products Limited without winding up.

Quice Food Industries Limited will remain the surviving entity.

The shareholders approved the draft Scheme of Arrangement under Sections 279 to 283 and 285 of the Companies Act, 2017.

The resolution states that the scheme will remain subject to approval by the Honorable High Court of Sindh.