KARACHI: Unity Foods Limited places strong emphasis on transparency and good governance. The Company issues this statement to place relevant factual information on record in light of recent public disclosures concerning its shareholders.
Pursuant to a Shareholders’ Agreement dated 21 December 2025 between Farrukh Amin and Wilmar International Ltd., and resolutions passed at a duly convened meeting on 23 December 2025, management control of Unity Foods was assumed by Wilmar International with immediate effect.
Under this framework, a Wilmar International approved Chief Executive Officer and Chief Financial Officer was appointed. The Chief Executive Officer resigned on 13 February 2026, while the Chief Financial Officer continues to serve in that role. Following these appointments, financial management and reporting functions have been administered under Wilmar International’s authority, in accordance with the governance structure set out in the Shareholders’ Agreement.
The Company notes that shareholder proceedings between Wilmar International and Farrukh Amin are currently pending before the competent court of law. These matters are sub judice, and the Company is therefore constrained from commenting further on issues under adjudication.
Copyright Business Recorder, 2026
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