Panther Tyres redeems Rs2 billion privately placed short-term Sukuk
Company says accrued profit and principal obligations were paid upon maturity on June 30, 2026
Panther Tyres Limited has redeemed its privately placed short-term Sukuk certificates amounting to Rs2 billion, according to a notice submitted to the Pakistan Stock Exchange (PSX).
The company said the redemption was completed together with payment of all accrued profit and principal obligations upon maturity on June 30, 2026.
In its notice, Panther Tyres said it had fully discharged all obligations related to the Sukuk issuance in line with the terms and conditions of the issue.
The disclosure was made under Sections 96 and 131 of the Securities Act, 2015, and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited.
Panther Tyres Limited was incorporated as a private limited company under the Companies Act, 1913 and was converted into a public limited company with effect from 10 October 2003.
The company is principally engaged in the manufacture and sale of tyres and tubes for vehicles.
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