Gatron Scheme of Arrangement gets High Court nod

The High Court of Balochistan in Quetta has sanctioned Gatron Industries’ share-reorganisation plan involving Nova Frontiers and Ghani & Tayub, Mettis Global reported on November 12, 2026. Under the arrangement, 31,895,139 Gatron shares held by Nova Frontiers will be cancelled and an equal number allotted to Nova Frontiers’ departing shareholders. Most recipients will get 8.13 Gatron shares for each Nova Frontiers share they own.

The order also provides for cancellation of 3,921,109 Nova Frontiers shares, bringing its paid-up capital down to Rs96.65 million, represented by 9,664,574 shares of Rs10 each. Separately, 3,240,774 Gatron shares held by Ghani & Tayub will be cancelled and replaced with the same number of shares issued to its shareholders. The remaining Nova Frontiers shareholders retain their holdings, while the companies continue operating their remaining businesses.