Oct 22, 2026, 3:07 PM
The Organic Meat Company reports full utilization of Rs. 810 million right-issue proceeds
DividendThe company reported that all Rs. 810 million raised through its right issue completed on March 28, 2025, has been utilized. The proceeds were allocated to a beef tripe cooking and red offals processing unit, working capital, and reduction of high-cost bank debt. The report shows no unutilized amount.
Key Findings
- Total right-issue proceeds received: Rs. 810 million.
- Rs. 260 million was utilized for a beef tripe cooking (heat treated) and red offals processing unit.
- Rs. 200 million was utilized for working capital.
- Rs. 350 million was utilized to reduce high-cost bank debt with banks.
- Unutilized amount is reported as nil.
Corporate Action Details
Action
Total right-issue proceeds received: Rs. 810 million.
Action
Rs. 260 million was utilized for a beef tripe cooking (heat treated) and red offals processing unit.
Action
Rs. 200 million was utilized for working capital.
Action
Rs. 350 million was utilized to reduce high-cost bank debt with banks.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.