Karachi: Tariq Corporation Limited has announced the results of its right shares subscription, revealing a substantial uptake among shareholders. On July 28, 2026, the company disclosed the financial details, reporting that a total of Rs. 269.92 million was received against the right shares offered, amounting to 85.45% of the total issue size.

According to information available from the Pakistan Stock Exchange (PSX), the total issue size was pegged at Rs. 315.88 million, with a significant move witnessed in the subscription rate. The unsubscribed portion of shares stands at Rs. 45.96 million, representing 14.55% of the total issue.

In accordance with the provisions of Section 83(1)(a)(iv) of the Companies Act, 2017, the Board of Directors of Tariq Corporation Limited will decide on the allocation of the unsubscribed shares before approaching the underwriter. This strategic decision is aimed at optimizing shareholder value and ensuring compliance with regulatory requirements.