Mitchell’s Fruit Farms Limited has announced key leadership changes, appointing Kashif Sajjad Sheikh as chairman of the board and Usman Zafar Butt as chief executive officer for a three-year term starting December 9, 2025, according to a notice submitted to the Pakistan Stock Exchange (PSX) on Monday.
The company’s notice stated that the board “resolved that Mr. Kashif Sajjad Sheikh is appointed as the Chairman of the Board and Mr. Usman Zafar Butt is appointed as the Chief Executive Officer for the Company”, formalising the top-level restructuring.
Following the election of directors, Mitchell’s also reconstituted major oversight committees. The Audit Committee will now be headed by Ahsan Rashid, with Asim Dilawar Sheikh and Nadeem Bin Javaid Sheikh serving as members.
The Human Resource and Remuneration (HR&R) Committee has been reorganised under the chairmanship of Babur Sultan, with Hassan Zubair Sheikh and Usman Butt as members.
Meanwhile, the Sustainability Committee has been reshaped with Fariyha Subhani as chairperson, joined by Hassan Zubair Sheikh and Usman Butt.
Mitchell’s said these changes comply with statutory requirements and reflect the company’s updated governance and leadership structure.
In October, CCL Holding (Private) Limited, a subsidiary of CCL Pharmaceuticals, acquired a 40.63% shareholding in Mitchell’s Fruit Farms Limited. Under the agreement, Syeda Maimanat Mohsin and Syeda Matanat Ghaffar sold 9,293,244 ordinary shares of Mitchell’s Fruit Farms to CCL Holding for Rs. 180 per share, totaling Rs. 1.7 billion.
The deal, representing 40.63% of Mitchell’s issued and paid-up capital, was completed after obtaining all necessary regulatory approvals and meeting required conditions. The transaction was conducted via the Negotiated Deal Market (NDM) in compliance with PSX regulations.
Mitchell’s Fruit Farms, established in 1933 and listed on the stock exchange in 1996, manufactures and sells a range of products, including beverages, ketchups, sauces, preserves, and ready-to-eat food. CCL Holding, which is primarily involved in pharmaceutical manufacturing, now holds a significant stake in the company.
The deal, representing 40.63% of Mitchell’s issued and paid-up capital, was completed after obtaining all necessary regulatory approvals and meeting required conditions. The transaction was conducted via the Negotiated Deal Market (NDM) in compliance with PSX regulations.
Mitchell’s Fruit Farms, established in 1933 and listed on the stock exchange in 1996, manufactures and sells a range of products, including beverages, ketchups, sauces, preserves, and ready-to-eat food. CCL Holding, which is primarily involved in pharmaceutical manufacturing, now holds a significant stake in the company.
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