Tariq Corporation Limited has announced plans to raise more than ₨315 million through a right issue of ordinary shares, aiming to improve working capital and support future business operations.
The decision was approved by the company’s Board of Directors during a meeting held on May 25, 2026.
Under the plan, existing shareholders will be offered additional shares based on their current holdings. The company will issue over 15.7 million new ordinary shares as part of the offering.
The shares will be available at ₨20 each, including a premium over the original value. Company officials stated that the newly issued shares will carry the same rights as existing ordinary shares.
The move will increase the company’s paid-up capital from approximately ₨. 662 million to ₨. 820 million. According to the company, the funds generated will mainly be used to meet higher working capital needs and improve profitability in the long term.
Tariq Corporation said the issue price remains lower than the stock’s average market value over the past six months, adding that the offering carries limited investment risk.
Directors have also committed to participating in the share subscription process, while any remaining portion will be covered through underwriting arrangements under applicable regulations.
The company further explained that any unsubscribed shares could later be offered to major shareholders, sponsors or other parties before involving underwriters.
Dates related to shareholder eligibility for the right issue will be announced after final approval of the offer documents.
Tariq Corporation Limited operates in Pakistan’s sugar sector and is primarily involved in producing and selling sugar along with related by-products.