Karachi: Bela Automotives Limited has announced a book closure period from June 22, 2025, to June 28, 2025, inclusive of both dates. The announcement is in accordance with Regulation 9 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The book closure is intended to determine the eligibility of shareholders to receive offer letters related to the Public Announcement of Offer (PAO).

As per the notice, the PAO is being managed by Adam Securities Limited on behalf of Mr. Amir Noman. It involves the acquisition of up to 2,901,100 ordinary shares, constituting 50.02% of the issued ordinary share capital of Bela Automotives Limited. Additionally, a public offer for 1,449,450 shares, representing 24.99% of shares, was published on May 17, 2025, in the "Daily Times" (English) and "Roznama Dunya" (Urdu) newspapers.

The book closure notice, which will be published on June 06, 2025, in Roznama Dunya News and Daily Times, is a key step in the acquisition process. According to information available from the Pakistan Stock Exchange (PSX), this move is significant for Bela Automotives Limited as it marks a substantial acquisition of voting shares.

This transaction is part of a larger strategy to acquire a controlling interest in the company. The designated market category for this transaction remains focused on ensuring compliance with the regulatory framework under the 2017 regulations. The acquisition through the Share Purchase Agreement (SPA) and the public offer reflect a structured approach to consolidating ownership.