TOMCL · The Organic Meat Company Limited
The Organic Meat Company Progress Report on Right Issue Proceeds Utilization
Official PSX filing title: Progress Report on Utilization of Proceed of Right Issue
- Filed
- 22 October 2026 at 3:07 pm
- Category
- Actions
- Sentiment
- Good
- Impact
- Medium
Executive summary
The Organic Meat Company Limited has submitted its progress report on the utilization of proceeds from its right issue completed on March 28, 2025, confirming the full utilization of all Rs. 810,000,000 across beef tripe cooking and red offals processing, working capital, and debt reduction.
Key takeaways
- Total proceeds received from the right issue subscription amounted to Rs. 810,000,000.
- Rs. 260,000,000 was fully utilized in the Beef Tripe Cooking (Heat Treated) & Red Offals Processing Unit.
- Rs. 200,000,000 was fully utilized in working capital.
- Rs. 350,000,000 was fully utilized for high-cost debt reduction with banks.
- The un-utilized amount of proceeds stands at Nil.
Filing details
Financial results
Other · Unaudited · Standalone · 22 October 2026
Figures in Rs.
- Fully utilized Rs. 810,000,000 right issue proceeds: Rs. 260,000,000 for Beef Tripe Cooking and Red Offals Processing Unit, Rs. 200,000,000 for working capital, and Rs. 350,000,000 for high-cost debt reduction with banks.
Dividend and entitlement
- Type
- None
- Notes
- The document is a progress report on the utilization of proceeds of a right issue and does not declare any dividends, bonuses, or new entitlements.
- #tomcl
- #right issue
- #utilization of proceeds
- #debt reduction
Please cross-check with the official PSX filing before making an investment decision.