LAHORE: Treet Corporation Limited’s board has proposed investing up to Rs187.39 million in a potential rights issue by its associated company Loads Limited and will seek shareholder approval at an extraordinary general meeting, according to a disclosure filed with the Pakistan Stock Exchange (PSX).
In a board meeting held on November 19, 2025, in Lahore, directors resolved to recommend participation in Loads Limited’s proposed rights issue at a price not exceeding Rs12.5 per share. The investment is subject to approval under Section 199 of the Companies Act, 2017, and will be placed before Treet’s shareholders at an upcoming EGM.
The board also authorised management to subscribe not only to Treet’s own entitlement in the rights issue, but also to any unsubscribed shares, rights purchased through the PSX, or shares offered by Loads’ directors or substantial shareholders, as and when the offer is launched.
Loads Limited’s board had earlier signalled its intention to raise up to Rs1.5 billion through a rights issue at a price capped at Rs12.5 per share, primarily to meet working capital needs and support expansion in local and export markets.
Loads Limited is a Karachi-based auto parts manufacturer that produces exhaust systems, mufflers, radiators, sheet metal components and, through subsidiaries, alloy wheels for automotive assemblers including Indus Motors (Toyota), Honda Cars, Millat Tractors, and Yamaha etc.
As per the latest available ownership disclosures, Treet Corporation already holds about 12.49 per cent of Loads Limited’s equity, making it the second-largest shareholder after chairman Syed Shahid Ali, who directly owns around 37.67% in loads and is also the chair of Treet Corporation. Ratings agency PACRA identifies Treet as a key sponsor of Loads alongside the Ali Group.
Depending on the final size and terms of the rights issue and Treet’s level of participation, its stake in Loads could rise from the current level, potentially strengthening its influence over the auto parts maker’s capital structure and strategy.
