Karachi: Bela Automotives Limited has officially announced the closure of its share transfer books from June 22, 2025, to June 28, 2025, inclusive of both dates. This action is undertaken in accordance with Regulation 9 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulation, 2017. The purpose of this book closure is to ascertain the eligibility of shareholders for receiving offer letters related to a significant acquisition offer.

The acquisition offer involves Adam Securities Limited, acting as the Manager to the Offer, on behalf of Mr. Amir Noman. The transaction includes the acquisition of up to 2,901,100 ordinary shares, representing 50.02% of Bela Automotives Limited's issued ordinary share capital, executed through a Share Purchase Agreement. Furthermore, an additional 1,449,450 shares, constituting 24.99% of the company's shares, are set to be acquired through a public offer. This public offer was initially published on May 17, 2025, in the Daily Times (English) and Roznama Dunya (Urdu) newspapers.

According to information available from the Pakistan Stock Exchange (PSX), this development is classified within the automotive sector's designated market category. The closure of the share transfer books is a critical procedural step, ensuring that eligible shareholders are appropriately accounted for in this substantial acquisition process.