The Organic Meat Company Limited has provided a progress report on the utilization of proceeds from its recent right issue.
- The right issue raised a total of PKR 810M, fully allocated as per the report.
- Funds utilized include:
- PKR 260M for Beef Tripe Cooking & Red Offals Processing Unit.
- PKR 200M for working capital.
- PKR 350M for high-cost debt reduction.
- No unutilized funds remain from the right issue proceeds.
- This report aligns with the regulatory requirements for transparency in fund utilization.