Karachi: The Organic Meat Company Limited has successfully garnered a significant subscription rate of 90.57 percent in its recent issuance of right shares, as confirmed by the Pakistan Stock Exchange (PSX) on March 18, 2025. The company, which operates within the designated market category, offered 30,000,000 right shares at an exercise price of PKR 27 per share, aiming to raise a total of PKR 810.00 million.

The subscription process, concluded on March 13, 2025, resulted in the receipt of PKR 733.61 million, translating to 27,170,633 subscribed right shares. According to information available from the Pakistan Stock Exchange (PSX), the remaining 9.43 percent, amounting to PKR 183.75 million, represents the unsubscribed portion of the right shares.

Per Section 83 (1) (a) (iv) of the Companies Act, 2017, the Board of Directors of The Organic Meat Company Limited will offer and allot the unsubscribed shares. The board's decision regarding this allotment, along with an Auditor's Certificate confirming the receipt of the right issue, will be communicated to the Exchange in due course. This information will then be relayed to the Trading Right Entitlement Certificate (TREC) Holders of the Exchange.