Shadab Textile Mills expands capital with right issue

MG News | February 03, 2026 at 02:45 PM GMT+05:00

0:00

February 3, 2026 (MLN): Shadab Textile Mills Limited (PSX: SHDT) will increase its paid-up share capital by issuing 6.25 million ordinary shares as a right issue, with each share having a face value of Rs10 and an issue price of Rs40, including a premium of Rs30 per share.

The right issue offers approximately 37.65 shares for every 100 ordinary shares held, representing a 37.65% allocation to existing shareholders, the company's filing on PSX revealed today.

The proceeds from the right issue will be utilized to support the company’s expansion plans, strengthen its capital base, and deliver benefits to shareholders.

The minimum subscription requirement and justification for issuing shares at a premium have been outlined to ensure transparency and alignment with shareholder interests.

Shadab Textile Mills’ share transfer books will remain closed from February 23, 2026, to March 2, 2026, both days inclusive.

Physical transfers received by the Share Registrar at the close of business on February 22, 2026, will be considered in time for entitlement to the right shares.

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