Karachi: Adam Securities Limited has issued a public announcement of intention to acquire a significant stake in Bela Automotives Limited. The announcement, made on behalf of Mr. Amir Noman, intends to acquire 2,901,100 ordinary shares, representing 50.02% of the total ordinary shares and control of Bela Automotives Limited. This transaction is set to proceed under the Securities Act, 2015, and the Listed Companies (Substantial Acquisitions of Voting Shares and Takeovers) Regulations, 2017.

The proposed acquisition involves a total of 5,800,000 paid-up ordinary shares in Bela Automotives Limited. The public announcement of intention is scheduled for publication in both an English and an Urdu national newspaper on March 20, 2025. Copies of the announcement will be sent to the relevant authorities to ensure compliance with regulatory standards.

According to information available from the Pakistan Stock Exchange (PSX), Adam Securities Limited has been designated as the Manager to the Offer. This appointment complies with regulation 6 (1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, further facilitating the acquisition process.

The acquisition represents a strategic move by Mr. Amir Noman to secure a controlling interest in Bela Automotives Limited, thereby influencing the company's future direction and operations. The transaction, upon completion, will impact the designated market category in which Bela Automotives Limited operates, potentially affecting its future market performance and shareholder value.