Mitchell’s announces Rs 500 million right issue at Rs 180 per share

Mitchell’s Fruit Farms Limited has announced a right issue of 2,777,778 ordinary shares to raise approximately Rs 500 million, according to a disclosure submitted to the Pakistan Stock Exchange on Tuesday.

The company’s Board of Directors, in a meeting held on February 24, 2026, approved the increase in paid-up capital through the issuance of right shares with a face value of Rs 10 each.

The shares will be offered to existing shareholders in the proportion of 12.1433 right shares for every 100 shares held, representing an entitlement ratio of 12.1433%. The issue price has been set at Rs 180 per share, which includes a premium of Rs 170.

The company stated that the dates for book closure to determine entitlement will be announced after finalisation of the offer document in accordance with the Companies (Further Issue of Shares) Regulations, 2020.

Further details regarding the purpose of the issue, utilisation of proceeds, minimum subscription amount and risk factors will be provided in the formal offer document.