Karachi: The Organic Meat Company Limited has announced the complete utilization of the proceeds from its right issue, concluded on March 28, 2025. According to the progress report dated October 22, 2026, the company outlined the allocation and deployment of funds amounting to 810.00 million rupees.

The entirety of the proceeds from the right issue subscription, totaling 810.00 million rupees, has been fully utilized. The company allocated 260.00 million rupees towards the Beef Tripe Cooking (Heat Treated) and Red Offals Processing Unit. Additionally, 200.00 million rupees were directed towards working capital needs, while 350.00 million rupees were employed in reducing high-cost debts with banks.

According to information available from the Pakistan Stock Exchange (PSX), the allocation aligns with the regulatory requirements stipulated in Regulation 10(2) of the Companies (Further Issue of Shares) Regulations, 2020. The report confirms that no funds remain unutilized from the right issue proceeds.

The successful deployment of these funds is a significant development in The Organic Meat Company's financial management strategy, enhancing its operational capabilities and debt profile in the designated market category.