Lahore: Millat Tractors Limited has announced an increase in its paid-up capital following the issuance of new shares pursuant to a Scheme of Arrangement. This update was communicated to the Pakistan Stock Exchange (PSX) in a letter dated April 24, 2025, prompting a series of procedural submissions aimed at updating the company’s records.

The documents submitted include an auditor's certificate, which confirms the increase in paid-up capital. This certificate, enclosed as Annex-A, is a critical component in validating the company's compliance with the regulatory requirements following the share issuance. Additionally, a certified true copy of Form-3 from the Securities and Exchange Commission of Pakistan (SECP) has been filed with the Registrar of Companies in Lahore, marked as Annex-B.

Significant financial transactions were part of the process. A cheque, numbered 1005639634 and dated April 30, 2025, amounting to Rs.181,211, was issued to cover the fee for both the PSX and the SECP. This payment is documented as Annex-C in the submission. Furthermore, a copy of the tax challan, amounting to Rs.11,731, was provided to evidence the payment of the fee to the PSX, detailed as Annex-D.

According to information available from the Pakistan Stock Exchange (PSX), these documents are essential to ensure the timely and accurate update of Millat Tractors Limited's paid-up capital in the official records. The company has urged for the expeditious processing of this update to reflect the changes promptly.

This adjustment in capital structure is part of Millat Tractors Limited's strategic initiatives to enhance its market position in the designated market category. The company continues to focus on aligning its capital base with its growth objectives, as indicated by its latest corporate actions.