Karachi: Novatex Limited has acquired a significant stake in Gatron (Industries) Limited, positioning itself as a substantial shareholder in the company. The acquisition, disclosed under Section 110(1) of the Securities Act, 2015, involved the purchase of 31.90 million shares of Gatron on June 27, 2025.

Prior to this transaction, Novatex held no shares in Gatron, marking a very large or significant move in its investment strategy. The acquisition was officially communicated through a disclosure document, as mandated by the Securities Act, and was shared with Gatron, which subsequently informed the Trading Right Entitlement Certificate (TREC) Holders.

According to information available from the Pakistan Stock Exchange (PSX), this transaction has elevated Novatex into a key shareholder position within Gatron (Industries) Limited, which operates in the designated market category of industrial manufacturing. The move is expected to have implications for market dynamics and investor interest in both entities.

The disclosure document was filed on the prescribed Schedule III, ensuring compliance with regulatory requirements. The development is likely to be closely monitored by market analysts and investors, given the potential impact on the stock's performance and the strategic alignment of Novatex's investment portfolio.