Quetta: The Board of Directors of Gatron (Industries) Limited has authorized the company to enter into a Scheme of Arrangements with Nova Frontiers Limited (NFL) and Ghani & Tayub (Private) Limited (G&T), according to an official disclosure dated January 28, 2026. The arrangement, subject to the approval of the Honorable High Court of Balochistan at Quetta and the shareholders of the respective companies, was resolved on January 28, 2026.

Under the proposed scheme, NFL will cancel shares held by certain categories of shareholders, collectively referred to as the “Outgoing Shareholders,” resulting in a reduction of NFL’s share capital. In consideration of this, NFL’s 29.33% shareholding in Gatron will be cancelled based on a valuation-determined ratio. New shares of Gatron will then be issued to the Outgoing Shareholders or Beneficial Owners of NFL on the basis of a swap ratio to be determined by a Professional Valuer.

Additionally, Gatron will cancel 2.98% of its shareholding, amounting to 3,240,774 shares, currently held by G&T. New shares of the company will be issued directly to the shareholders of G&T as part of the arrangement.

According to information available from the Pakistan Stock Exchange (PSX), these corporate actions are in compliance with Section 96 and 131 of the Securities Act, 2015, and Rule 5.6.1(a)(ii) of the Pakistan Stock Exchange Rule Book. The company has ensured that the necessary disclosure forms, as required under the Securities Act, are duly attached with the announcement.

The designated market category for Gatron Industries remains unchanged as the company proceeds with these significant corporate maneuvers aimed at restructuring its shareholding pattern.