Karachi: Waves Home Appliances Limited has completed the full subscription of its Rights Issue, following the allotment of 98,365,485 ordinary shares at a price of PKR 10 per share. This allotment, accounting for the remaining unsubscribed portion of the Rights Issue, aggregates to PKR 983.65 million. The Board of Directors of the company approved this allotment through resolutions passed by circulation, as per Section 83(1)(a)(iv) of the Companies Act, 2017.

According to information available from the Pakistan Stock Exchange (PSX), the shares were offered to Waves Corporation Limited, the holding company, which fully subscribed to the Rights Issue. The total proceeds from the subscription have been successfully received in the designated bank account, marking the completion of the transaction.

The company, in its report dated October 2, 2026, stated that an auditor's certificate confirming the receipt of the full subscription amount will be submitted to the exchange in the near future. This development ensures that Waves Home Appliances Limited has secured the necessary capital to support its operational and strategic objectives, as outlined in its recent disclosures.