Big Bird Foods Converts Rs1.5 Billion Loans Into Equity

Big Bird Foods Limited has secured approval from the Securities and Exchange Commission of Pakistan (SECP) to convert directors’ loans amounting to Rs1.5 billion into company equity through the issuance of additional shares.

In a notification filed with the Pakistan Stock Exchange on Friday, the company stated that the conversion will take place through the issuance and allotment of 30,352,084 ordinary shares.

These shares will be allotted to the company’s directors at a price of Rs49.42 per share, which includes a premium component of Rs39.42 per share.

The move comes after shareholders approved the proposal during the company’s annual general meeting held on October 28, 2025, authorising the conversion of outstanding directors’ loans into equity.

Following the approval, the company submitted an application to the SECP under Section 83(1)(b) of the Companies Act, 2017 seeking permission to issue additional shares through a method other than a rights offer.

Big Bird Foods confirmed that the SECP has now granted approval for the request, enabling the company to proceed with the equity conversion by issuing new shares to its directors.