Amreli steels limited has announted plans to raise up to Rs. 1 billion 40 million new common shares directly release 40 million new shares directly, applying the issue of traditional rights to one of its main sponsors, Shayan Akbarli.
The move, passed by the company’s Board of Directors on October 3, 2025, aims to strengthen the working capital of Amali Stells and support its ongoing financial organization.
According to a notice sent to the Pakistan Stock Exchange, the new shares will be released for Rs 500. 25 per share, which includes a premium. 15 per share. This price is higher than the company’s three -month average market price. 23.48 and the latest end price RS. 24.88. The direct problem will represent 13.47 % of the company’s existing paid capital and about 11.87 % of the subsequent capital.
The company’s main purpose was to raise funds through the issue of rights, but by the Securities and Exchange Commission of Pakistan (SECP) it was informed that it was not allowed because of the relevant organization and the State Bank’s Credit Information Bureau’s report.
As a result, Akbarli, who already holds 17.09 % shares in Amali Steels, has agreed to subscribe to the entire new problem, injuring the necessary equity to fulfill the promises of banks and financial institutions.
The working capital of the Amali Steels derived from the issuance of shares will be used to strengthen the company’s ability to reinforce the credit organization, and maintain the use of stable operations and capabilities.
The company emphasized that the move would benefit all stakeholders, including minority shareholders, supporting business continuity and long -term growth.
The new shares will be classified equally with the current shares in every respect. The Company Act, 2017 and the relevant rules, as per the requirement, is also subject to shareholders and regulatory approval from the SECP.