Pakistan, Jan. 5 -- Saritow Spinning Mills Limited has approved the sale of its plant and machinery after its board accepted the highest bid of Rs419 million, signaling a key financial and operational decision.

According to a formal disclosure, the approved bid exceeds the independently assessed market value of the plant and machinery, offering relatively stronger value for shareholders amid challenging conditions facing the textile sector.

Moreover, the company said the bid price was carefully reviewed and recommended by its audit committee, ensuring transparency and compliance before the matter was presented to the board for final approval.

The decision was taken during a board meeting held on January 5, 2026, reflecting management'...