Loads limited board approves Rs1.32bn loan write-off for subsidiary
MG News | September 18, 2024 at 01:15 PM GMT+05:00
0:00
September 18, 2024 (MLN): The Board of Directors of Loads Limited (PSX: LOADS) has approved the write-off of a loan amounting to Rs1.32 billion extended to its subsidiary, Hi-Tech Alloy Wheels Limited.
This write-off is based on the Loan Agreements dated December 21, 2017, and April 10, 2019.
It is subject to approval by the members through a Special Resolution and must comply with Section 199 and other applicable provisions of the Companies Act, 2017, as well as other relevant laws, regulations, and statutory requirements.
Copyright Mettis Link News
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 138,412.25 167.69M | 0.32% 447.43 |
| ALLSHR | 85,702.96 423.92M | 0.15% 131.52 |
| KSE30 | 42,254.84 82.09M | 0.43% 180.24 |
| KMI30 | 194,109.59 84.37M | 0.15% 281.36 |
| KMIALLSHR | 56,713.67 217.03M | 0.03% 16.37 |
| BKTi | 37,831.34 13.04M | 1.62% 603.62 |
| OGTi | 27,440.63 3.93M | -0.09% -23.70 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 119,150.00 | 119,275.00 117,905.00 | 1530.00 1.30% |
| BRENT CRUDE | 72.38 | 72.82 72.29 | -0.86 -1.17% |
| RICHARDS BAY COAL MONTHLY | 96.50 | 0.00 0.00 | 2.20 2.33% |
| ROTTERDAM COAL MONTHLY | 104.50 | 104.50 104.50 | -0.30 -0.29% |
| USD RBD PALM OLEIN | 998.50 | 998.50 998.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 69.98 | 70.41 69.92 | -0.02 -0.03% |
| SUGAR #11 WORLD | 16.46 | 16.58 16.37 | -0.13 -0.78% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
× ![]()