Karachi: Fauji Fertilizer Company Limited, a substantial shareholder in Agritech Limited, has executed a significant transaction involving the conversion of preference shares into ordinary shares, as disclosed under the Pakistan Stock Exchange (PSX) Regulation 5.6.4. This transaction represents a notable shift in the shareholding structure of Agritech Limited.

On May 8, 2025, Fauji Fertilizer Company Limited converted 91,666,021 preference shares into ordinary shares at a rate of 22.65 per share. This conversion has resulted in Fauji Fertilizer Company Limited holding a cumulative total of 223,835,405 ordinary shares in Agritech Limited, which accounts for 37.36% of the company's shareholding.

According to information available from the Pakistan Stock Exchange (PSX), the transaction was executed in the Central Depository Company (CDC) market. Such conversions are part of standard financial strategies employed by shareholders to potentially enhance their voting rights and influence within a company.

The disclosure of this transaction is in compliance with regulatory requirements and provides stakeholders with a transparent view of the changes in shareholding patterns at Agritech Limited. The designated market category for this transaction remains aligned with the rules established by the Pakistan Stock Exchange.