Investment Banker Clarifies Misunderstanding, Zil Limited Denies Plans for Delisting

Karachi, In response to a statement made by an investment banker, Zil Limited has issued a clarification regarding rumors of its delisting. The investment banker’s statement, which implied potential delisting plans, was not made by the company itself or its Board of Directors.

According to the investment banker involved in a transaction, the acquirer of Zil Limited intends to turn around the existing business of the company and explore various options for expansion, including the possible disposal and sale of the Hyderabad factory and related assets. However, the decision on maintaining the company’s status as a publicly listed entity will be determined after evaluating these options.

Zil Limited firmly denies any finalized plans for delisting or the abandonment of its publicly listed status. The Board of Directors reiterates its commitment to making the company profitable and maintaining its position as a publicly listed entity. Their focus remains on the continued success and growth of Zil Limited.

The company’s response comes as a reassurance to investors and stakeholders who may have been concerned about the potential delisting of Zil Limited. With no concrete plans for delisting discussed or finalized, the Board of Directors remains dedicated to driving the company forward as a publicly listed entity and delivering value to its shareholders.