Karachi: Loads Limited has revealed strategic financial plans for its subsidiary, Multiple Autoparts Industries (Private) Limited (MAIL), as disclosed in a report dated September 17, 2026. The company's board of directors has sanctioned two major loan proposals, which will be presented to shareholders for approval at the upcoming Annual General Meeting under section 199 of the Companies Act, 2017.

The first proposal involves converting an outstanding trade receivable of PKR 652,563,695 into a formal long-term loan. This facility, set for a maximum term of seven years, will accrue interest at KIBOR plus 3.00% per annum, with the principal repayable on demand or by final maturity. Notably, this arrangement will not require any new cash outflow from the company and will remain unsecured.

In addition, Loads Limited plans to extend a fresh loan facility of up to PKR 250 million to MAIL. Intended to support working capital needs and financial commitments, this loan will also span up to seven years and bear interest at KIBOR plus 3.00% per annum. Similar to the first, this facility will be unsecured, with repayment terms aligning with the principal's demand or at maturity.

According to information available from the Pakistan Stock Exchange (PSX), these proposals are contingent upon shareholder consent and must comply with all regulatory requirements before implementation. The loans underscore Loads Limited's commitment to bolstering its subsidiary's financial health and operational capabilities.

The financial strategies of Loads Limited, a key player in the market category, represent a calculated move to enhance the fiscal stability of its associated entities, pending shareholder approval.