Treet Corp Approves Plan to Invest Up to Rs. 187 Million in Loads Ltd’s Upcoming Rights Issue

Treet Corporation Limited has announced that its Board of Directors has approved a proposal to invest up to Rs. 187.39 million in the upcoming rights issue of its associated company, Loads Limited. The decision was taken at a board meeting held on November 19, 2025, in Lahore, according to a regulatory filing submitted to the Pakistan Stock Exchange (PSX) under Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1 of the PSX Rule Book. The board agreed to recommend that shareholders authorize the company to subscribe to Loads Limited’s planned rights issue, previously disclosed by Loads on October 23, 2025, at a maximum price of Rs. 12.5 per share. Treet Corp also indicated it may purchase additional unsubscribed shares during the rights process, or acquire rights offered by directors, substantial shareholders, or through the stock exchange, subject to shareholder approval as required under Section 199 of the Companies Act, 2017. To move forward, the board has authorized management to convene an extraordinary general meeting (EOGM) to seek shareholder approval for the proposed investment. Details of the meeting will be announced later.