Loads Limited Board Approves Potential Right Issue of Up to Rs. 1.5 Billion

Loads Limited, a leading manufacturer of automotive radiators, exhaust systems, and sheet metal components, has announced that its Board of Directors is considering a right issue of ordinary shares worth up to Rs. 1.5 billion. According to a notice sent to the Pakistan Stock Exchange (PSX) following a board meeting held on October 23, 2025, the company may issue new shares at a price not exceeding Rs. 12.5 per share. The proceeds from the potential right issue are intended primarily to meet working capital needs, support growth in local and export markets, and for other purposes as determined by the Board. The company emphasized that the right issue is still under consideration and will only proceed if the Board deems it appropriate at a future date, subject to all necessary corporate and shareholder approvals. Loads Limited stated that the move is aimed at enabling shareholders, especially associated concerns, to obtain the required approvals and provide confirmations for participation in the right issue, if it is formally announced.