Karachi: Agritech Limited has announced the conversion of its non-cumulative preference shares (NCPS) into ordinary shares, as per a recent disclosure. The development follows the guidelines outlined in the Securities Act, 2015, and the Rule Book of Pakistan Stock Exchange Limited.

On April 18, 2025, Agritech Limited conveyed the conversion of 148,430,175 NCPS, held by various preference shareholders including accumulated dividends as of March 31, 2025, into 174,439,105 ordinary shares. This conversion is in accordance with the Shares Subscription Agreement dated February 13, 2012. As a result, the company's ordinary paid-up share capital has increased from 424,645,119 ordinary shares to 599,084,224 ordinary shares.

The increase in share capital marks a significant change for Agritech Limited. According to information available from the Pakistan Stock Exchange (PSX), this conversion aligns with the company's strategic financial restructuring efforts.

Agritech Limited has informed the TRE Certificate Holders of the exchange regarding this conversion. The company operates within the designated market category for agribusiness and continues to engage with regulatory requirements as part of its corporate governance practices.