Gatron (Industries) Limited has disclosed that the Honourable High Court of Balochistan has approved a Scheme of Arrangement involving Gatron, Nova Frontiers Limited, and Ghani & Tayub (Private) Limited. This arrangement includes significant share cancellations and capital adjustments.
- The Court's order was issued on October 28, 2026, and made public on November 11, 2026.
- The scheme involves the cancellation of 3,921,109 shares of Gatron, reducing its paid-up capital to PKR 96,645.74M.
- Additionally, 31,895,139 shares of Nova Frontiers will be issued to outgoing shareholders of Gatron at a swap ratio of 8.13 shares of Nova for each share of Gatron.
- The arrangement aims to streamline operations and capital structure among the involved parties.
- The approval from the court indicates compliance with corporate regulations and may enhance investor confidence.