Zuma Resources Limited, formerly Bilal Fibres Limited, has announced a series of major corporate decisions, including a strategic shift toward technology ventures, the sale of fixed assets to settle bank liabilities, and a newly signed international partnership in the global E-SIM market, according to two disclosures submitted to the Pakistan Stock Exchange (PSX) on Monday.
In its filings, the company said the Board of Directors approved the financial statements for the year ended June 30, 2025, and endorsed a significant change in its business direction.
The notice states that Zuma will begin “investing, partnering, and strategically collaborating with a diversified portfolio of companies in Technology, AI-enabled services, Electric Vehicle (EV), healthcare, E-Commerce and other sectors.”
A key decision relates to the sale of land, building, plant, and machinery. The company confirmed that the board authorised the divestment “in pursuance of the order of Honourable Lahore High Court, Lahore to settle bank liabilities.”
The board also authorised management to convene the annual general meeting on December 31, 2025.
Separately, Zuma Resources informed PSX that it has entered into a Memorandum of Understanding (MoU) with Elysium Technologies LLC USA, operator of the global travel e-SIM marketplace SIM.Market, which covers more than 120 countries.
According to the notice, the company “will provide global support and digital marketing services, excluding Pakistan, to promote the products and services ofhttps://sim.market, USA,” and in return will receive “a 20% share of gross revenue generated of global sales.”
The partnership marks the company’s first major commercial step after announcing its broader technology-focused strategy.
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