Big Bird Foods seeks shareholder nod to convert Rs1.5bn director loans into equity

MG News | September 29, 2025 at 10:13 AM GMT+05:00

0:00

September 29, 2025 (MLN): Big Bird Foods Limited (PSX: BBFL) has proposed converting outstanding loans of Rs1.5 billion payable to its directors into equity, the company informed the Pakistan Stock Exchange.

The proposal, presented by the Chief Executive Officer to the Board, suggests issuing shares at Rs49.42 per share, a price calculated based on the average market price over the last three months.

The move is aimed at strengthening the company’s capital base.

Since the transaction directly involves directors, most board members were deemed “interested directors” under the Companies Act, 2017, and therefore could not make a valid decision on the matter.

Consequently, the Board resolved to place the proposal before shareholders in a general meeting for approval, in compliance with applicable laws.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	161,687.18 521.41M	-0.15% -248.01
ALLSHR	98,075.27 1,212.38M	0.09% 85.63
KSE30	48,950.98 123.60M	-0.27% -132.15
KMI30	230,724.42 106.87M	-0.37% -866.15
KMIALLSHR	63,750.70 842.75M	0.03% 20.32
BKTi	44,377.56 31.96M	-0.30% -133.71
OGTi	31,123.97 14.36M	-0.34% -105.13

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	91,885.00	96,145.00 91,315.00	-2480.00 -2.63%
BRENT CRUDE	64.03	64.72 63.67	-0.36 -0.56%
RICHARDS BAY COAL MONTHLY	85.75	85.75 85.75	0.50 0.59%
ROTTERDAM COAL MONTHLY	96.45	0.00 0.00	0.30 0.31%
USD RBD PALM OLEIN	1,082.50	1,082.50 1,082.50	0.00 0.00%
CRUDE OIL - WTI	59.72	60.44 59.32	-0.37 -0.62%
SUGAR #11 WORLD	14.75	14.94 14.65	-0.21 -1.40%