Lahore: The Board of Directors of Treet Battery Limited convened at the company’s registered office on September 24, 2026, to approve the financial results for the fiscal year ending June 30, 2026. The meeting, held both in-person and online, concluded with significant decisions regarding the company’s financial restructuring and capital augmentation.

According to the financial statements, the company reported a net revenue of Rs. 6.86 billion for the year, a decline from the previous year's Rs. 8.84 billion, indicating a very large or significant move. The cost of sales also decreased to Rs. 5.45 billion from Rs. 7.08 billion, resulting in a gross profit of Rs. 1.41 billion, down from Rs. 1.76 billion the previous fiscal year. Profit after income tax was reported at Rs. 42.27 million, slightly up from Rs. 40.43 million, demonstrating a minor move. The earnings per share saw a minor decline from Rs. 0.05 to Rs. 0.04.

The Board also announced that no cash dividend, bonus shares, or right shares would be distributed this year. Instead, the focus was directed towards restructuring inter-company borrowings. Subject to shareholder and regulatory approval, Rs. 2.00 billion of the company's debt to Treet Corporation Limited will be converted into 200,000,000 ordinary shares at a par value of Rs. 10 each, a strategic move intended to streamline the company's balance sheet.

A proposal to increase the company's authorized capital from Rs. 11.00 billion to Rs. 13.00 billion was also put forward. This involves increasing the number of ordinary shares from 1.10 billion to 1.30 billion. The decision is pending approval at the Annual General Meeting scheduled for October 27, 2026.

According to information available from the Pakistan Stock Exchange (PSX), Treet Battery Limited's financial maneuvers are poised to potentially impact its market position, with the capital restructuring aiming to enhance financial flexibility.

The company has announced that its share transfer books will be closed from October 21 to October 27, 2026, to facilitate the upcoming Annual General Meeting. Transfers processed by the close of business on October 20 will be considered in time for AGM attendance. The annual report for the financial year ending June 30, 2026, will be transmitted as per the prescribed timeline.