Karachi: Agritech Limited has confirmed a significant development regarding its capital structure, as outlined in a response to a correspondence dated April 23, 2025. The company has executed the conversion of its preference shares into ordinary shares, resulting in an increase in its paid-up capital.

The conversion process has been detailed with several documents. An Auditor's Certificate was provided, confirming the heightened paid-up capital following the conversion, along with details of the revised capital structure. This conversion is further documented in Form-3, the Return of Allotment, which was filed with the Registrar of Companies on April 30, 2025.

Additionally, Agritech Limited has submitted proof of payment for the Pakistan Stock Exchange (PSX) Additional Listing Fee. This payment is a requisite for the additional listing of shares following the conversion process. Agritech has also committed to providing a copy of the Tax Challan as evidence of depositing the applicable withholding tax into the government treasury, complying with Rule 40 of the Income Tax Rules, 2002.

According to information available from the Pakistan Stock Exchange (PSX), this conversion and the subsequent increase in paid-up capital are expected to be updated in the company's records and the PSX portal shortly. Agritech Limited's adherence to these procedures ensures compliance with regulatory frameworks and enhances the transparency of its financial operations in the designated market category.