Karachi: Shadab Textile Mills Limited has announced a Right Share issuance amounting to PKR 250 million as part of its financial strategy to enhance the company’s capital base. The offer document for the Right Issue has been finalized and submitted to the Pakistan Stock Exchange (PSX) after addressing all observations from the Exchange, as stated in a communication dated March 5, 2026.

The Right Issue comprises 6.25 million shares, representing 37.65% of the current paid-up capital of the company, at an offer price of PKR 40.00 per share. This price includes a premium of PKR 30.00 per share. The final offer letter is scheduled to be issued on March 11, 2026, with the book closure date set for March 10, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the subscription payments for the Right Shares are to be made between March 13, 2026, and April 1, 2026. The trading of the Letter of Rights will commence on March 12, 2026, and conclude on March 25, 2026.

The company’s CEO, Aamir Naseem, and CFO, Muhammad Adeel Anwar Khan, have undertaken to certify the accuracy and completeness of the information contained in the offer document. Additionally, the Board of Directors has confirmed compliance with all regulatory requirements and affirmed the disclosure of all material information necessary for investors to make informed decisions.

The statutory auditor, M/s. Fazal Mehmood and Co, will provide a half-yearly report on the utilization of proceeds, which will be included in the company’s financial statements. The company has committed to indemnify the Securities and Exchange Commission of Pakistan against any claims or losses related to the issuance.

This strategic move by Shadab Textile Mills Limited is aimed at bolstering its financial standing in the market, with the offer document and related materials made available on the company’s website for shareholders and potential investors.