International Packaging Films’ subsidiary completes Rs2.13 billion right issue

International Packaging Films Limited (IPAK) has informed the Pakistan Stock Exchange (PSX) that its 52%-owned subsidiary, Petpak Films (Private) Limited, has completed a right issue worth Rs2.13 billion.

In a notice issued under Section 96 of the Securities Act, 2015 and Clause 5.6.1 of the PSX Regulations, the company said Petpak Films issued 213 million ordinary shares at a par value of Rs10 per share.

Following the right issue, Petpak Films’ issued and paid-up share capital has increased to Rs10.65 billion.

International Packaging Films said the right issue was carried out as part of Petpak Films’ debt restructuring initiative aimed at optimising its capital structure.

Out of the total 213 million shares issued, International Packaging Films subscribed 100.11 million shares, representing approximately 47% of the right issue.

The remaining 112.89 million shares, or around 53% of the issue, were subscribed by Global Packaging (Private) Limited, a wholly-owned subsidiary of International Packaging Films.

As a result, the entire right issue was subscribed within the International Packaging Films group.

Following completion of the transaction, International Packaging Films’ effective group holding in Petpak Films has increased from 52% to approximately 61.6%.

The company said the information was being shared as material information and requested the exchange to inform TRE Certificate Holders accordingly.

International Packaging Films had earlier informed the exchange on May 21, 2026 regarding the right issue of Petpak Films.