Loads Limited (PSX: LOADS) has proposed providing up to Rs. 902.6 million in loans to Multiple Autoparts Industries (Private) Limited, its subsidiary or associated company, subject to shareholder approval.

The company’s board approved the proposals at its meeting on September 17, 2026 and recommended them for approval at the upcoming Annual General Meeting.

Under the first proposal, Loads Limited will convert an outstanding trade receivable of Rs. 652.6 million from Multiple Autoparts into a long-term loan.

The loan will have a maximum tenure of seven years and will carry a markup of three-month KIBOR plus 3 percent per year, subject to the applicable statutory minimum return. The principal will be payable on demand and, in all cases, no later than the maturity date. The loan will be unsecured.

Loads Limited has also proposed a separate long-term loan of up to Rs. 250 million for Multiple Autoparts to meet its working capital needs and other financial obligations.

This facility will also have a maximum term of seven years and carry a markup of three-month KIBOR plus 3 percent per year, subject to the applicable statutory minimum return. The principal will be payable on demand and no later than the maturity date. The facility will also be unsecured.

The Rs. 250 million facility may be provided in one or more tranches after shareholder approval. Loads Limited said no disbursement will be made before the required approval is obtained.

The proposed transactions are being made under Section 199 of the Companies Act, 2017, along with applicable regulatory and legal requirements.