PACRA has announced that its Board of Directors has decided not to participate in the rights issue offered by Tasdeeq Information Services Limited (TISL), a move that will result in a reduction of the agency’s shareholding in the company.
According to a material information notice submitted to the Pakistan Stock Exchange (PSX), PACRA’s Board reviewed the rights issue proposal during its meeting held on June 19, 2026. After deliberations, the Board resolved by majority decision not to subscribe to the shares being offered under TISL’s rights issue through the offer letter dated June 11, 2026.
As a consequence of this decision, PACRA’s equity stake in TISL is expected to decrease from 12.84% to 10.81% due to dilution arising from the issuance of new shares.
The disclosure was made in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange Regulations. The notification was signed by PACRA Company Secretary Iram Shahzadi and shared with both the PSX and the Securities and Exchange Commission of Pakistan (SECP).
While PACRA has chosen not to exercise its rights in the current offering, the agency will continue to retain a significant ownership position in TISL following the dilution. The development reflects a strategic capital allocation decision by PACRA and may be closely watched by investors interested in the future ownership structure of TISL.
