Lahore: Tariq Corporation Limited has announced a significant financial restructuring involving the conversion of its preference shares into ordinary shares, as disclosed in a report dated September 22, 2026. This move is in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1 of the Rule Book of the Pakistan Stock Exchange Limited.

The company's Board of Directors approved a resolution, dated September 22, 2026, authorizing the conversion of 14,445,000 non-voting convertible preference shares into 7,222,500 ordinary shares. This transformation is set to take place by September 30, 2026, along with the payment of accumulated dividends.

According to information available from the Pakistan Stock Exchange (PSX), the conversion will lead to a substantial alteration in Tariq Corporation's issued and paid-up share capital. The capital will increase from 82,000,000 ordinary shares to 89,222,500 ordinary shares, marking a significant change in the company's financial structure.

The Share Transfer Books of Tariq Corporation Limited will be closed on September 30, 2026, to determine shareholders eligible for the final preference dividend and to process the conversion. Transfers submitted by September 29, 2026, will be processed timely to ensure dividend entitlements and share conversions.

Tariq Corporation Limited, headquartered at 28-C, Block E-1, Gulberg-III, Lahore, is undergoing this transition as part of its ongoing compliance and strategic financial adjustments. The company urges TRE Certificate Holders of the exchange to take note of these developments.