HRPL Secures $500,000 Interest-Free Loan From Sponsor Shareholder
July 14, 2026: Habib Rice Products Limited (PSX: HRPL) has secured an unsecured, interest-free loan of up to $500,000 from its sponsor shareholder, Mr. Gaffar A. Habib, to enhance liquidity and address working capital needs.
As disclosed to the Pakistan Stock Exchange (PSX), the company’s Board of Directors approved the financing during its meeting on July 14, 2026. The loan, convertible into Pakistani rupees at the US$/PKR exchange rate effective at disbursement, will remain repayable at the sponsor’s discretion, contingent on HRPL’s cash flow assessment.
Repayment will be denominated in Pakistani rupees, adjusted to the exchange rate applicable at the time of settlement. The company emphasized the transaction adheres to mutually agreed terms ensuring flexibility for both parties.
This funding initiative aims to bolster HRPL’s financial resilience and operational capacity.
The development was formally communicated to the PSX via a regulatory notification.
Copyright Mettis Link News
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