Frontier Ceramics Limited has eliminated its billions of rupees extension project, citing the ceramics market and weak investment return.
In a notice to the Pakistan Stock Exchange (PSX), the company said in a meeting hero on October 7, 2025, the Board of Directors reviewed future expansion plans and concluded that new projects would not “have a proper profit for shareholders.”
As part of the decision, the board pledged to close the acquisition of a new business unit for a new business unit and withdraw the land sales deal on January 8, 2021 with the company’s CEO.
The deal included the purchase of 1,031 canal land in Mianwali’s Masan Dawood Khel, worth Rs 1.1.13 billion. Frontier Ceramics had already advanced Rs 750.84 million for the deal.
After the debates, it was agreed that Rs 2000 million would be returned by May 2026, while the rest of the balance, under further negotiations, would be finalized after June 30, 2026.
The CEO, who was a counterpart in the country’s deal, expressed concern over the withdrawal of evacuation. The board has directed the administration to interact with it to “equal and transparent settlement” to protect the company’s financial and strategic interests.
The notice states that “this decision reflects the company’s commitment to strengthen the current tasks rather than the protection of the company’s shareholders, improving the capital’s deployment and the expansion of the market environment.”
The company has further announced that the approval of the shareholders will be sought for the withdrawal of the contract at the next annual General Meeting (AGM).
Founded in 1982, Frontier Ceramics Limited is engaged in the manufacture and sale of floor ceramic tiles, sanitary equipment and related products.