Karachi: The Organic Meat Company Limited has announced that it received subscriptions for 90.57% of its recently offered right shares, totaling a substantial PKR 733.61 million. This figure reflects the entitlement of 27,170,633 right shares, each priced at PKR 27, as the company moves to raise capital through the Pakistan Stock Exchange's established procedure for right shares. The total issue size was PKR 810 million, representing 30,000,000 right shares.

The process, which concluded on March 13, 2025, saw a remaining unsubscribed portion amounting to PKR 76.39 million, or 9.43% of the total issue. According to company sources, this unsubscribed portion will be offered and allotted by the Board of Directors in accordance with Section 83 (1) (a) (iv) of the Companies Act, 2017.

According to information available from the Pakistan Stock Exchange (PSX), the company will communicate the Board's decision regarding the allotment of the unsubscribed shares, along with an Auditor's Certificate confirming the receipt of the right issue, in due course.

The designated market category for this transaction remains undisclosed at this time. TREC Holders of the Exchange have been informed of these developments.