Karachi: Gatron (Industries) Limited has announced the approval of a draft Scheme of Arrangement by its Board of Directors, following a Resolution by Circulation dated May 2, 2026. This development is part of the company’s ongoing strategic moves and involves Nova Frontiers Limited and Ghani & Tayub (Private) Limited, alongside their respective shareholders.

The announcement was made in compliance with Section 96 and 131 of the Securities Act, 2015, as well as Rule 5.6.1.(a)(ii) of the Pakistan Stock Exchange Rule Book. The draft Scheme of Arrangement, sanctioned under Section 279 of the Companies Act, 2017, is aimed at streamlining operations and improving the financial structure of the involved entities.

According to information available from the Pakistan Stock Exchange (PSX), Gatron (Industries) Limited has also secured approval for the supplemental audited financial statements for the period ending December 31, 2025. This financial documentation is integral to the proposed Scheme of Arrangement, facilitating transparency and preparedness for the changes outlined in the scheme.

The company has communicated this material information to the TRE Certificate Holders of the Exchange, ensuring that all relevant parties are informed of these significant developments. As per the designated market category, these actions are crucial for the stakeholders involved, providing a clear path forward in the corporate restructuring process.