Loads Limited Plans Rs. 903 Million Loan for Autoparts Subsidiary

Loads Limited (PSX: LOADS) has proposed providing up to Rs.

Key points

• The company's board approved and recommended two financing arrangements at a session held on September 17, 2026.
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• Under the first proposal, Loads Limited will convert an outstanding trade receivable of Rs.
• Loads Limited has additionally proposed a separate long-term loan facility of up to Rs.

Loads Limited (PSX: LOADS) has proposed providing up to Rs. 902.6 million in financing to Multiple Autoparts Industries (Private) Limited, a subsidiary or associated firm, subject to shareholder approval.

Notably, the company's board approved and recommended two financing arrangements at a session held on September 17, 2026. The proposals will be presented to shareholders for approval at the company's upcoming Annual General Session.

Under the first proposal, Loads Limited will convert an outstanding trade receivable of Rs. 652.6 million due from Multiple Autoparts into a long-term loan. Pakistan Army Signs Accord To Purchase Drones From US Firm.

In practice, the loan will have a maximum term of seven years and will carry a return or markup rate of three month KIBOR plus 3 percent per year, subject to the applicable statutory minimum return. Principal payments will be created on demand and, in any case, no afterwards than the final maturity date. The facility will be unsecured.

Loads Limited has additionally proposed a separate long-term loan facility of up to Rs. 250 million for Multiple Autoparts to meet its working capital requirements and financial obligations.

For context, the firm stated the fresh loan facility may be disbursed in one or more tranches after receiving shareholder approval. No implementation of the proposed investments or disbursement under the fresh loan facility will take place before the required approval is obtained. Stay Connected with ProPakistani.

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In short, loads Limited Plans Rs. 903 Million Loan for Autoparts Subsidiary is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.