Shakarganj Limited has clarified that AsiaPak Investments has not made any investment in its subsidiary, Shakarganj Food Products Limited, rejecting claims made in a recent newspaper advertisement.
In a notice submitted to the Pakistan Stock Exchange (PSX) on Friday, the company said it had taken notice of an advertisement published on January 21, 2026, by AsiaPak Investments in some sections of the media.
The advertisement claimed that AsiaPak Investments had completed 11 acquisitions in Pakistan and plans to deploy a further $5 billion.
“In this context, the logo of Shakarganj Foods Products Limited, which is a subsidiary of Shakarganj Limited, is used.
“In this regard, Shakarganj Limited wishes to clarify for the information of the exchange and the investing public that AsiaPak Investments has not made any investment, acquisition, or equity participation in Shakarganj Food Products Limited. Any implication to this extent in the said advertisement, therefore, is factually incorrect.
“This clarification is being submitted in the interest of transparency and to avoid any misunderstanding or misinformation in the market,” read the notice.
AsiaPak Investments’ advertisement, titled “Pakistan: We Are Maximum Bullish”, highlighted its investment outlook on Pakistan and listed several companies, including Shakarganj Food Products, as part of its acquisition portfolio.
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