TPL REIT Unitholders Approve Reinvestment into Mangrove Project

Unitholders of TPL REIT Fund I have approved a major resolution allowing the fund to reinvest proceeds from the sale of land owned by TPL Technology Zone Phase I (TTZ) into the development of an existing project instead of distributing the funds through unit redemptions. The decision, disclosed in a notice to the Pakistan Stock Exchange, was finalized at a general meeting held on December 1, 2025. The resolution authorizes reinvestment of proceeds from TTZ’s Project C – Technology Park into development expenditures for Project A – Mangrove, undertaken by National Management & Consultancy Services (NMC). The approval is subject to all relevant contractual and regulatory clearances. Unitholders also permitted the management company to complete all required documentation and filings necessary to execute the reinvestment plan.