Major Shareholding Changes Approved for Gatron Industries

For context, the Balochistan High Court in Quetta has approved a Scheme of Arrangement involving Nova Frontiers Limited, Gatron Industries Limited, and Ghani & Tayyub (Private) Limited, clearing a series of share cancellations, transfers, and fresh share issuances among the three firms.

Key points

• The court approved the arrangement under Section 279 of the Firms Act, 2017, through an order dated October 28, 2026.
• The court additionally approved the cancellation of 3, 921, 109 fully paid ordinary shares of Nova Frontiers held by its shareholders, including Ghani & Tayyub.
• After the availability of the certified court order, gatron Industries disclosed the development to the Pakistan Stock Exchange on November 11.
• The exchange will take place at a swap ratio of 8.13 Gatron shares for every Nova share held by the outgoing shareholders.
• Fauji Cement Cuts Debt Early to Avoid Paying Interest.

In practice, the court approved the arrangement under Section 279 of the Firms Act, 2017, through an order dated October 28, 2026.

After the availability of the certified court order, gatron Industries disclosed the development to the Pakistan Stock Exchange on November 11. Pakistan Is Underreporting Its Solar Power Generation. Gatron Shareholders to Receive Shares Under Swap Arrangement.

Under the approved scheme, 31, 895, 139 fully paid ordinary shares of Gatron Industries at present held by Nova Frontiers will be canceled and reissued to Nova's outgoing shareholders. The exchange will take place at a swap ratio of 8.13 Gatron shares for every Nova share held by the outgoing shareholders.

Shares held by Ghani & Tayyub in Nova Frontiers will be treated separately, with the corresponding Gatron shares issued directly to Ghani & Tayyub's shareholders in proportion to their existing shareholdings. Fauji Cement Cuts Debt Early to Avoid Paying Interest. Share Capital and Existing Holdings to Change.

Notably, the court additionally approved the cancellation of 3, 921, 109 fully paid ordinary shares of Nova Frontiers held by its shareholders, including Ghani & Tayyub. This will reduce Nova's paid up capital and involve the appropriation of its general reserves and accumulated profits.

After the cancellation, Nova's paid up capital will stand at Rs. 96, 645, 740, divided into 9, 664, 574 ordinary shares with a face value of Rs. 10 each. The court additionally ordered the cancellation of 3, 240, 774 Gatron shares already held by Ghani & Tayyub, with an equivalent number of new Gatron shares to be issued directly to its shareholders in proportion to their holdings.

Meanwhile, the court ordered that Nova Frontiers' remaining shareholders will continue to own and retain their shares in the firm. Nova Frontiers and Ghani & Tayyub will additionally continue to own and operate their respective remaining businesses as defined under the approved Scheme of Arrangement. Stay Connected with ProPakistani.

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For now, major Shareholding Changes Approved for Gatron Industries remains the part of the story worth watching, and further updates are likely as more details are confirmed.