MFFL declares right shares to raise paid-up capital

MG News | February 24, 2026 at 02:53 PM GMT+05:00

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February 24, 2026 (MLN): Mitchells Fruit Farms Limited's (PSX:MFFL) Board of Directors has decided to increase the company's paid-up share capital through the issuance of 2,777,778 right shares with a face value of Rs10 each.

The decision was taken during a board meeting held on February 24, 2026, the company’s filing on PSX revealed today.

The right shares will be offered to existing members in the proportion of 12.1433 right shares for every 100 ordinary shares held, representing a 12.1433% increase in the share capital.

The right shares are priced at Rs180 per share, inclusive of a premium of Rs170 per right share.

The dates for closure of the share transfer books to determine entitlement for the right shares will be communicated in due course after finalization of the offer letter and documentation in accordance with the provisions of the Companies (Further Issue of Shares) Regulations, 2020.

Mitchells Fruit Farms is engaged in the cultivation, processing, and marketing of fruit-based products in Pakistan.

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