Karachi, Loads Limited informed Pakistan Stock Exchange that the board of Directors of the company through board resolutions by way of circulation on May 19, 2022 have approved the issuance of redeemable capital in the form of rated, privately placed and unsecured Islamic Commercial Paper noted in scripless form inducted in the CDS, by way of Private placement in the aggregate amount of upto PKR 2,100,000,000/-.
Loads Limited was established on January 1, 1979 as a private limited company with the objective of manufacturing exhaust systems, radiators, and sheet metal components for the automotive industry. The Company was converted to public limited company in January 12, 1994. The company offered its shares to the general public and was listed on Pakistan stock exchange on November 1, 2016.
The Company has four wholly owned subsidiaries, namely, Specialized Autoparts Industries (Private) Limited, Multiple Autoparts Industries (Private) Limited, Specialized Motorcycles (Private) Limited and Hi-tech Alloy Wheels Limited (formerly known as Hi-tech Autoparts (Private) Limited).
The total numbers of shares are 251,250,000. The Earnings per share is (0.91) in 2020 which was 0.27 in 2019 The Profit after Taxation is (137,331,000) in 2020 which was 41,229,000.