Tariq Corporation to Convert 14.4 Million Preference Shares

Tariq Corporation Limited's (PSX: TCORP) Board has approved the conversion of 14.445 million non-voting convertible preference shares into 7.2225 million ordinary shares, according to a material disclosure submitted to the Pakistan Stock Exchange (PSX).

Key points

• The Board approved the conversion through a resolution passed by circulation on September 22, 2026, along with payment of accumulated dividends as of September 30, 2026.
• Tariq Corporation's Share Transfer Books will remain closed on September 30, 2026, to determine shareholders entitled to the final preference dividend and process the conversion.
• The conversion will growth the company's paid up share capital from 82 million ordinary shares to 89.2225 million ordinary shares.
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• Transfers received by the company's Share Registrar by the close of business on September 29 will be considered eligible for dividend entitlements and conversion.

In practice, the Board approved the conversion through a resolution passed by circulation on September 22, 2026, along with payment of accumulated dividends as of September 30, 2026. The approval is subject to final review and certification by the company's auditors. Nationwide Hepatitis C Screening Drive Delayed.

For context, the conversion will growth the company's paid up share capital from 82 million ordinary shares to 89.2225 million ordinary shares. The firm stated the conversion is being carried out in accordance with the term sheet of the preference shares.

Transfers received by the company's Share Registrar by the close of business on September 29 will be considered eligible for dividend entitlements and conversion. Stay Connected with ProPakistani.

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In short, tariq Corporation to Convert 14.4 Million Preference Shares is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.