December 08, 2025 (MLN): Zuma Resources Limited (PSX: ZUMA), formerly known as Bilal Fibres Limited, has undertaken a series of major corporate decisions as part of its ongoing restructuring and strategic transformation.

The board approved a new primary line of business that shifts the company toward diversified investments and strategic collaborations, according to the company's issued today.

Under the revised strategy, Zuma Resources will now engage in investing, partnering, and working closely with a broad portfolio of companies across high-growth sectors.

These include Technology, AI-enabled services, Electric Vehicles (EVs), healthcare, E-commerce, and a range of other emerging industries.

The company aims to leverage this diversified approach to build a more innovation-driven and resilient business model.

In the same meeting, the Board also approved the financial statements for the year ended June 30, 2025, marking the completion of its latest reporting cycle.

Separately, the company confirmed that the Board has approved the sale of land, buildings, and plant and machinery as well as other fixed assets in compliance with an order from the Lahore High Court.

The sale is being executed to settle outstanding bank liabilities, forming a crucial part of the company’s financial restructuring.

Additionally, Zuma Resources revealed that the management has been authorized to convene the Annual General Meeting (AGM) on December 31, 2025.

At the time of writing, Zuma Resources’ share price stood at Rs53.01, down Rs2.91 or 5.81% on the day.

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