Loads Limited announces Rs1.5 billion right issue to fund working capital

Loads Limited has announced a right issue to raise Rs1.5 billion through the issuance of 120 million new ordinary shares, according to the company’s offer document filed with the Pakistan Stock Exchange. The shares will be offered to existing shareholders at a price of Rs12.50 per share, including a premium of Rs2.50, representing about 47.76% of the company’s existing paid-up capital.

The offer document states that the right issue was approved by the board of directors on January 15, 2026, and is aimed at strengthening the company’s working capital position. Proceeds will primarily be used to meet higher raw material requirements driven by rising demand from original equipment manufacturers and growth in local and export aftermarket sales.

The book closure date for determining shareholder entitlement has been set for February 16, 2026. Trading in unpaid rights on the Pakistan Stock Exchange will commence on February 18 and end on March 4, while the last date for acceptance and payment of right shares is March 11, 2026.

According to the offer document, the company estimates total additional working capital needs of around Rs2.5 billion, of which Rs1.5 billion will be financed through the right issue and the remainder through bank borrowing. The issue has been underwritten by AKD Securities, Dawood Equities, and Muhammad Munir Muhammad Ahmed Khanani Securities.

Loads Limited said the right issue is being offered at a discount to the six-month volume-weighted average market price and is intended to support uninterrupted production and business operations amid expanding order volumes.