Loads Limited has proposed converting a Rs652.56 million trade receivable into a long-term loan and extending a fresh Rs250 million facility to MAIL.
KARACHI, September 18, 2026: Loads Limited has approved and recommended proposed investments of up to Rs902.56 million in Multiple Autoparts Industries (Private) Limited (MAIL), its subsidiary/associated company, subject to shareholders’ approval and applicable regulatory requirements.
The company’s Board of Directors approved the proposals at a meeting held on September 17, 2026, according to material information submitted to the Pakistan Stock Exchange (PSX).
The proposed investments require shareholders’ approval through a Special Resolution under Section 199 of the Companies Act, 2017, along with compliance with relevant statutory and regulatory requirements.
Rs652.56m trade receivable to become long-term loan
Under the first proposal, Loads Limited plans to place an outstanding trade receivable of Rs652,563,695 due from MAIL on a formal long-term loan basis.
The company said the arrangement would not involve any fresh cash disbursement, as it relates to an existing trade receivable.
The proposed facility would have a maximum tenure of seven years and carry a return or markup of KIBOR plus 3 per cent per annum, subject to the applicable statutory minimum return.
Markup would be payable quarterly in arrears, while the principal would be repayable on demand and, in any event, no later than the final maturity date.
The facility would be unsecured.
Fresh Rs250m working capital facility
Loads Limited has also proposed a separate long-term loan facility of up to Rs250 million for MAIL.
The fresh financing would be used to meet MAIL’s working capital requirements and financial obligations and could be disbursed in one or more tranches after shareholders approve the proposal.
The facility would also have a maximum tenure of seven years and carry markup at KIBOR plus 3 per cent per annum, subject to the applicable statutory minimum return.
Markup would be payable quarterly in arrears, while the principal would be repayable on demand and no later than the final maturity date. The facility would also be unsecured.
Shareholders’ approval required
Loads Limited said both proposals would be presented to shareholders at the forthcoming Annual General Meeting for approval under Section 199 of the Companies Act, 2017.
The company clarified that the first proposed investment would not be implemented, and no amount under the fresh loan facility would be disbursed, before the required shareholders’ approval is obtained.
The proposed financing arrangements are intended to support MAIL’s financial requirements while formalising its existing trade receivable obligation to Loads Limited.