Loads Limited Proposes PKR 902.6 Million Financing for Multiple Autoparts Industries
Loads Limited has announced plans to provide significant long-term financial support to its subsidiary/associated company, Multiple Autoparts Industries (Private) Limited (MAIL), subject to shareholder approval.
According to a disclosure dated September 17, 2026, the Board of Directors of Loads Limited approved and recommended two financing proposals for consideration by shareholders at the company’s forthcoming Annual General Meeting. The proposals will be presented under Section 199 of the Companies Act, 2017.
PKR 652.6 Million Loan Against Outstanding Receivable
The first proposal involves a long-term loan arrangement of PKR 652.56 million against an outstanding trade receivable from MAIL.
Under the proposed arrangement, the amount would be placed with MAIL on a formal long-term loan basis. The facility would have a maximum tenure of seven years and would carry a return or markup of KIBOR plus 3.00% per annum, subject to the applicable statutory minimum return.
The 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 proposed facility would be unsecured.
Additional PKR 250 Million Financing Facility
The second proposal is for a fresh long-term loan facility of up to PKR 250 million for MAIL.
The facility is intended to support MAIL’s working capital requirements and help it meet its financial obligations. According to the disclosure, the financing may be disbursed in one or more tranches after receiving the necessary shareholder approval.
Like the first facility, the fresh loan would have a maximum period of seven years and would carry a return/markup of KIBOR plus 3.00% per annum, subject to the applicable statutory minimum return. Payments would be made quarterly in arrears, with the principal repayable on demand and no later than final maturity. The facility would also be unsecured.
Shareholder Approval Required
The combined proposed financing amounts to approximately PKR 902.56 million.
Loads Limited stated that both proposals will be placed before shareholders at its forthcoming Annual General Meeting for approval under Section 199 of the Companies Act, 2017, along with compliance with applicable statutory and regulatory requirements.
Importantly, the company said that no implementation of the proposed investment or disbursement under the fresh loan facility will take place before the requisite shareholder approval is received.
The disclosure was addressed to the Pakistan Stock Exchange on September 17, 2026, and was also copied to the Securities and Exchange Commission of Pakistan. The filing was signed by Babar Saleem, Company Secretary, Loads Limited.
What the Proposal Means
The proposed arrangements indicate that Loads Limited intends to provide MAIL with longer-term financial support through both the restructuring of an existing trade receivable and a new working-capital financing facility.
However, the disclosure makes clear that these arrangements remain subject to the required shareholder approval. The document itself does not provide further details on MAIL’s financial position, the expected financial impact on Loads Limited, or the specific use of the funds beyond working capital and meeting financial obligations.
