BRR Guardian Limited entered into a letter of intent to acquire B.R.R. Guardian Modaraba (KASE:BRRG) on March 28, 2022. BRR Guardian Limited entered into scheme of amalgamation to acquire B.R.R. Guardian Modaraba (KASE:BRRG) on May 20, 2022. BRR Guardian Limited will issue 83.276 million shares as consideration. Board of Directors of BRR Guardian Limited approved the transaction. The arrangement is subject to approval from High Court of Sindh. As of June 6, 2023, High Court of Sindh has sanctioned the scheme. F.D. Registrar Services (SMC-Pvt) Ltd acted as registrar.

BRR Guardian Limited completed the acquisition of B.R.R. Guardian Modaraba (KASE:BRRG) on July 10, 2023.