Gatron restructuring gains momentum after Board approval

MG News | May 04, 2026 at 10:10 AM GMT+05:00

Add Mettisglobal as a Trusted Source on Google

0:00

May 04, 2026 (MLN): The Board of Directors of Gatron (Industries) Limited (PSX: GATI) has approved a draft scheme of arrangement involving Nova Frontiers Limited and Ghani & Tayub (Private) Limited, the company said in a notice to the Pakistan Stock Exchange on Monday.

The proposed scheme falls under Section 279 of the Companies Act, 2017 and will be subject to the requisite regulatory and shareholder approvals.

As part of the process, the board also approved supplemental audited financial statements for the period ended December 31, 2025, prepared specifically for the restructuring.

The company had earlier disclosed in January that it was evaluating a potential reorganization.

This announcement marked a formal step toward executing that plan, though the detailed terms of the arrangement were not immediately disclosed.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	172,399.90 320.00M	1.59% 2696.30
ALLSHR	103,927.90 888.16M	1.29% 1323.37
KSE30	51,428.16 185.27M	1.65% 836.84
KMI30	246,743.08 136.63M	1.75% 4243.24
KMIALLSHR	67,499.94 461.75M	1.34% 890.73
BKTi	46,974.29 67.03M	1.67% 773.64
OGTi	35,183.53 7.71M	0.85% 295.91

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	64,535.00	64,800.00 63,430.00	875.00 1.37%
BRENT CRUDE	86.80	89.90 85.80	-3.58 -3.96%
RICHARDS BAY COAL MONTHLY	123.00	0.00 0.00	1.10 0.90%
ROTTERDAM COAL MONTHLY	131.00	131.00 130.00	-1.75 -1.32%
USD RBD PALM OLEIN	1,157.50	1,157.50 1,157.50	0.00 0.00%
CRUDE OIL - WTI	84.29	87.23 83.20	-3.42 -3.90%
SUGAR #11 WORLD	13.70	13.97 13.68	-0.09 -0.65%