Karachi: In a significant development for Tariq Corporation Limited, directors and a substantial shareholder have fully subscribed to 81.41% of the company's right issue. According to an announcement made on July 9, 2026, a total of 12,858,230 right shares, each priced at Rs. 20, have been acquired. This subscription equates to an amount of Rs. 257.16 million.

The subscription was executed in compliance with the Companies (Further Issue of Shares) Regulations, 2020. M/s Kreston Hyder Bhimji & Company, Chartered Accountants, issued an auditor's certificate confirming receipt of the subscription funds for the right shares.

According to information available from the Pakistan Stock Exchange (PSX), the transaction represents a significant move in the market category, reflecting confidence by the company's major stakeholders in its future prospects. This financial commitment by the directors and substantial shareholder is seen as a strategic endorsement of the corporation's ongoing projects and operational stability.