Packages Limited has received a redemption notice from the International Finance Corporation to redeem 2 million preference shares or convertible stock, a move that will be taken up by the company’s board this week.
According to a disclosure sent to the Pakistan Stock Exchange, the redemption request was issued on January 23, 2026, and relates to part of the 8,186,842 preference shares or convertible stock held by IFC under a 2009 subscription agreement.
The matter will be discussed at a board meeting scheduled for January 27.
The company said the board’s decision on the request, along with any other price-sensitive information, will be shared with the stock exchange after the meeting, in line with securities regulations.
Packages Limited issued the preference shares to IFC under an agreement signed on March 25, 2009, as part of a financing arrangement to strengthen the company’s capital base and support expansion plans.
The International Finance Corporation, the private sector arm of the World Bank Group, has been an investor in several Pakistani companies, providing long-term capital, governance support, and technical assistance to private sector firms.
Packages Limited is one of Pakistan’s oldest and largest packaging and consumer products companies, established in 1956 and listed on the Pakistan Stock Exchange since 1965. The company is engaged in packaging materials, tissue products, and holds investments across multiple sectors, including paper, consumer goods, and real estate.