Chenab Limited board approves sale of non-core assets to repay debt

Mettis Global reported that the board of Chenab Limited (PSX:CHBL) has agreed to sell several assets outside its main operations, including a weaving unit and other properties. The disposals are conditional on the consent of the company's secured lenders, and the proceeds will go toward repaying debt. The decision was reached at a board meeting on September 9, 2026, held at the registered office in Nishatabad, Faisalabad.

The first property is a weaving unit covering 197 kanals and 16 marlas, with buildings and plant and machinery, at Chak No. 44 R.B., Tehsil Shahkot, Nankana Sahib. A second unit of 16 kanals and 13 marlas, with buildings, sits at Chak No. 191 RB, Jhumra Road, Gatti, Faisalabad. Open plots totalling 4 kanals and 2.5 sarsahi in Nishatabad, Faisalabad, are also on the list.

In its exchange notice, the company said these holdings fall outside its core business and that selling them will leave operating capacity unchanged. The information was disseminated to the PSX through a notification.