Karachi: In a recent development concerning 786 Investments Limited, the Directors and a Substantial Shareholder have fully subscribed to a rights issue, as confirmed by a certificate from the statutory auditors, M/s. Riaz Ahmad & Company, Chartered Accountants. The subscription, totaling an amount of PKR 23,220,180, represents the entitlement of 2,322,018 right shares, each priced at PKR 10. The transaction was completed on December 24, 2025, compliant with the Companies (Further Issue of Shares) Regulation, 2020.

Under the terms of the rights issue, Miss Tara Uzra Dawood, the Chief Executive Officer, subscribed to 1,492,166 shares, contributing PKR 14,921,660. Other directors, including Mr. Iqbal Shafiq, Mr. Ahmer Zia Sarwar, Mr. Ahmed Salman Munir, Mr. Nadeem Akhter, Mr. Syed Musharaf Ali, and Mr. Naveed Ahmed, each subscribed to 833 shares, contributing PKR 8,330 individually. Meanwhile, BRR Guardian Limited, a substantial shareholder, subscribed to 824,854 shares, amounting to PKR 8,248,540.

According to information available from the Pakistan Stock Exchange (PSX), the subscription money was deposited into Soneri Bank Limited’s right shares subscription account before the commencement date of trading, fulfilling the requirements set forth by the PSX. The certificate from the auditors was required to be submitted at least three working days before the start of trading, as stipulated in a letter from the PSX dated October 2, 2025.

The completion of this rights issue marks a significant move for 786 Investments Limited, ensuring that the company’s directors and substantial shareholder have met their subscription obligations as per regulatory requirements. The process was verified in accordance with the ‘Guidelines for Issue of Certificates for Special Purposes by Practicing Chartered Accountant Firms’ issued by The Institute of Chartered Accountants of Pakistan. The designated market category for this transaction pertains specifically to the PSX’s regulatory framework for share issues.