Loads weighs Rs1.5bn right issue for expansion

October 24, 2025 (MLN):  At a meeting of the Board of Directors of Loads Limited (PSX: LOADS) held on October 23, 2025, the Company resolved that it intends, in the near future, to potentially carry out a right issue of ordinary shares.

The aggregate amount of the potential right issue may, if deemed fit by the Board at the relevant time, be up to PKR 1,500,000,000 (PKR One Billion Five Hundred Million only). The shares are intended to be issued at a price (as ultimately determined by the Board) not exceeding PKR 12.5 per share.

The proceeds from the potential right issue are primarily intended to be utilized for meeting working capital requirements, including but not limited to catering to potential growth requirements of local and export markets, and or such other purposes as ultimately determined by the Board of Directors.

The purpose of the communication is to enable shareholders, particularly associated concerns, to obtain corporate approvals, including shareholders’ approval, to invest in the potential right issue of the Company (if deemed fit by such parties) and to provide confirmations to the Company if required under applicable laws.

The Board further resolved that it may approve and reveal the actual right issue at a future date in accordance with applicable laws, as the Board deems fit.

The Pakistan Stock Exchange has been requested to inform TRE Certificate Holders of the Exchange accordingly.

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