Karachi: Shadab Textile Mills Limited has announced a substantial right issue, offering 37.65% additional shares at a subscription price of Rs. 40 per share. The move, dated March 11, 2026, is aimed at raising capital through the Pakistan Stock Exchange (PSX) as per the company's latest communication to its shareholders.

The process involves adherence to the Central Depository Company (CDC) and PSX regulations, requiring the deposit of unpaid rights in book-entry form within specified timelines. The CDC has facilitated this process by introducing an online payment option through 1Link, enabling investor account holders and sub-account holders to make payments via internet banking, ATMs, and mobile banking channels.

According to information available from the Pakistan Stock Exchange (PSX), the trading of these rights commenced on March 12, 2026, and will continue until March 25, 2026. The last date for acceptance and payment of these shares, both in CDC and physical form, is set for April 1, 2026. Following this, the allotment of shares and crediting of book-entry shares into the CDC will occur on April 14, 2026.

For those holding physical share certificates, the CDC's applicable procedures allow for the renunciation of rights, either in favor of another investor or by crediting them to a CDC investor or sub-account. Any unclaimed rights by April 1, 2026, will be considered declined and subsequently offered to other interested parties as per the company's board resolution.

The proceeds from fractional right entitlements will be consolidated and sold on the PSX. Shareholders will receive their respective shares of the sale proceeds as per entitlements. The company has outlined detailed payment procedures, including options for non-resident Pakistanis and foreign certificate holders, ensuring a streamlined process for all shareholders involved.