Request for issuance of No Objection Certificate (NOC) for release of Rights Shares Subscription Money

INVESTMENTS

WEKNOWYOURVALUE

January 19, 2026

The General Manager,

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi.

Subject: Request for issuance of No Objection Certificate (NOC) for release of Rights Shares Subscription Money of 786 Investments Limited

Dear Sir,

In compliance with your letter no PSX/Gen - 1787 ("Letter") dated 02 October 2025, we hereby confirm that 4,990,751 right shares offered by 786 Investments Limited ("the Company") have been fully subscribed.

In this regard, auditor's certificate confirming receipt of full subscription money amounting to PKR 49,907,510/- (Rupees Forty-Nine Million Nine Hundred Seven Thousand Five Hundred Ten Only) against the issue of rights shares is attached herewith.

In light of the above, you are requested to kindly issue "No Objection Certificate (NOC)" in favour of Banker to the Issue (Soneri Bank Limited) and Central Depository Company of Pakistan Limited for release of right shares subscription amount.

For and on behalf of 786 Investments Limited:

Noman Shakir Company Secretary

786 Investments Limited

G-3, BRR Tower, Hassan Ali Street, Off I.I. Chundrigar, Road, Karachi 74000 Pakistan Tel: +922132603751-54 https://www.786investments.com

Riaz Ahmad & Company

Chartered Accountants

Company Secretary

786 Investments Limited

G3, Ground Floor, BRR Tower II Chundrigar Road

KARACHI

Office No. 5, 20" Floor Bahria Town Tower, Block 2 P.E.C.H.S., Karachi, Pakistan

T: •92 (21) 3431 08 26 - 7

racokhifZiracopk.com https://www.racopk.com

19 January 2026

Our ref: 1-08-206

Dear Sir

786 INVESTMENTS LIMITED ("the Company")

CERTIFICATE ON RECEIPT OF FULL AMOUNT OF SUBSCRIPTION MONEY IN CASH AGAINST ISSUE OF RIGHT SHARES

We have been requested to provide you with a certificate to confirm the receipt of full amount of subscription money for subscribing right shares of the Company as required by Pakistan Stock Exchange Limited ("PSX") vide its IeRer No. PSX/Gen - 1787 §'LeRer'1 dated 02 October 2025.

Scope of Celificate

We, as statutory auditors of the Company, are required to issue a celificate to confirm the receipt of full amount of subscription money in cash for subscribing right shares of the Company under Clause 8 of Annexure-II "Procedure to be complied with for issue of right shares" of the LeRer.

Management Responsibility

It is the management's responsibility to fulfill all requirements of the Companies Act, 2017, the Companies (Fulher Issue of Shares) Regulations, 2020 and ensure compliance with the requirement of PSX as required under the Leher. The management's responsibility also includes maintenance of accounting reords and internal control, the selection and application of accounting policies, safeguarding of the assets of the Company and prevention and detection of fraud and irregularities. This celificate does not relieve the management of its responsibilities.

Auditors' Responsibility

Our responsibility is to issue a certificate to confirm receipt of full amount of subscription money in cash as required under clause 8 of Annexure-II'Procedure to be complied with for issue of right shares' of the LeRer in accordance with the 'Guidelines for issue of Certificate for Speial Purposes by Practicing Chaltered Accountants Firms' issued by the Institute of Chartered Accountant» of Pakis%n. Our verification was limited to the procedures mentioned below:

• Reviewed resolution of the Board of Directors of the Company to check the approval of issuance of right shares to existing shareholders of the Company;

• Obtained the "Confirmation of Online Unpaid Right Subscription Amount" by Central Depository Company of Pakistan Limited (CDC) dated 12 January 2026;

  
  
  

  A

  b f

  
  
  

  International

  Chartered Accountants

• Traced subscription money of Rupees 26,801,740 received from shareholders against subscription of 2,680,174 ordinary shares through right issue having face value of Rupees 10 each of the Company at exercise price of Rupees 10 per share in bank statement of Soneri Bank Limited right shares subscription account number 20016505553;

• Reviewed resolution of the Board of' Directors authorizing directors to allot unsubscribed polion of right issue to the sponsors, dire4ors and associated undelaking of the Company; and

  NAME	DESIGNATION	UNSUBSCRIBED PORTIONOF SNARES	EXERCISE PRICE	RUPEES
  Tara Uzra Dawood	Chief Executive Officer	20,187	10	201,870
  B.R.R. Guardian Limited	Associated undertaking	692,984	10	6,929,840
  Ms. Hamida Dawood	Associated undelaking	1,108,272	10	11,082,720

• Traced the subscription money amounting to Rupees 18,214,430 in respect of unsubscribed right shares comprising 1,821,443 ordinary shares of the Company, issued through right issue with a face value and exercise price of Rupees 10 per share, to the bank statement of Soneri Bank Limited (Right Shares Subscription Account No. 20016505553). The breakup of the subscription is as follows:

1,821,443

Based on our procedures mentioned under Auditors' Responsibility paragraph, we celify that subscription money of Rupees 49,907,510 for subscribing 4,990,751 right shares having face value of Rupees 10 each of the Company at exercise price of Rupees 10 per share have been fully received in cash by the Company.

The details of right shares and money received there-against are as follows:

Aher completion of on-going formalities for issue and allotment of shares, revised issued, subscribed, paid-up share capital aher right issue shall be as follows:

OhacteredAc:countants

Restriction on use and distribution

This certificate is being issued in capacity of statutory auditors of the Company on specific request of the management for onward submission with PSX as required under clause 8 of Annexure-II 'Procedure to be complied with for issue of right shares' of the Letter and is not to be used or distributed for any other purpose. This certificate is restricted to the facts stated herein.

Very truly yours