📊 Material News · LOADS Loads Limited has disclosed material information regarding proposed investments in its subsidiary, Multiple Autoparts Industries (Private) Limited (MAIL), during a Board meeting held on September 17, 2026.
- The Board approved a long-term loan arrangement for an outstanding trade receivable of PKR 652.56M from MAIL, to be formalized as a loan without fresh cash disbursement.
- The loan will have a maximum term of 7 years, with a return of KIBOR plus 3.00% per annum, payable quarterly.
- Additionally, a fresh loan facility of up to PKR 250.00M is proposed for MAIL's working capital needs, also subject to shareholder approval.
- Both proposals require approval at the upcoming Annual General Meeting and will not be implemented until then.
- The unsecured nature of these loans indicates a cautious approach to financial support for MAIL.
About this brief: prepared automatically by BSL’s research systems from the company’s filing with the exchange. A summary for information, not investment advice — the original filing is the authoritative record.
Original filing (PDF)