Request of Issuance of No Objection Certificate for Release of Right Shares Subscription Money

Shadab Textile Mills Limited

Registered Office: A-601/A, City Towers, 6-K, Main Boulevard, Gulberg-II, Lahore.

Ph: (042) 35788714-16 Fax: (042) 35788718 E-mail: shadstm@brain.net.pk N.T.N.: 0657824-1

April 13, 2026

The General Manager,

Pakistan Stock Exchange Limited, Stock Exchange Building,

Stock Exchange Road, Karachi.

Subject: Request of Issuance of No Objection Certificate for Release of Right Shares Subscrijgtion Money

Dear Sir,

With reference to PSX letter No. C-542-177 dated February 04, 2026, we are pleased to confirm that 6,250,000 right shares offered by Shadab Textile Mills Limited have been fully subscribed.

In this regard, Auditor's Certificate dated April 10, 2026 confirming receipt of the full subscription amount of PIER 250,000,000/- against issue of 6,250,000 right shares at a price of PKR 40/- per share (including premium of PKR 30/- per share).

In view of the above, you are requested to kindly issue No Objection Certificate (NOC) in favour of Meezan Bank Limited, being the Banker to the Issue, and Central Depository Company of Pakistan Limited, for the release of the Right Shares subscription money.

You may please inform the TRE Certificate Holders of the Exchange accordingly.

Yours sincerely,

For SHADAB TEXTILE MILLS ITED

Company Secret

Encl: As above.

Mills: Nasimabad, Shahkot, District Nankana Sahib. Ph: (056) 2550171-72 Fax: (056) 2550173 Mills: 1-km Chunian Road, Habibabad. Ph: (049) 4500633

FAZAL MAHMOOD & COMPANY

CHARTERED ACCOUNTANTS

li›depeitdei t Memt›er a[

obj' PrimeGlobal

The Associa tion of Aclvisoiy ynd Acco mating rii-i»

April 10. 2026

C“liiei’ E.xecutive Oi'ficer, Shadab 3“cxtilc Mills 1.iiriied, A-601/A, Cir’ Fowers,

6-K. Main Iloulevard, Ciulbcrg-11, Lahore.

Subject: Auditor Certificate on C o n fir ni ing Rec ei pt o f Am o unt A gu inst Ri ght Shares Su li s cri b etI

We h:we been ie‹Jucsted by the m‹inagemcnt ol’ Shadab Textile Mills Limited ("the Company") to prov idc a certificate on receipt of subscription amount against subscription of right shares ol'fered by the Corn}3any to its Shareliol ders, as i equired by the Pakistan Stock I3xcliangc (PSX) and Central Depc›sitory Company o1‘Pakistan (CDC).

Sco}ie of Certificate

This certi ficate is issued to conflict the receipt o1 subscr‹r on money from the shareholders of’ the Company and is being provided for onward submission to the Pakistan Stock E,xchange (PSX) and the Central Depository Com{aany ol“ P‹ikistan (CDC).

Maii:igem cut Restionsibility

Nlanagcmcnt is respcansiDle to ensui'e that the right issue of‘ share capital is made in

‹iccord‹ince with the requirements of Companies Act 201. 7, relevant rules and regulations issued there under Centi'al Depository Company of Pakistan (CDC) Regulations as well as requii'ements of“Pakistan Stock Exchange (PSX) in this respect are lulttlied.

Au‹litor’s ftesponsibility

Our respc›nsibility is to certify the receipt of’ full ‹imount of subscription amount against the right shai es to be issued based on the procedures mentioned below, and report as per the 'Ctuidelines fts’ issue of Cei tificate foi’ Special Purposes by Practicing Chai tered Accountant 1'irins' issues by the Institute ot’ Claarter‹•d Accountants ol’ Pakistan.

Our x'eri ticution was lirnited to the Jaroccdures mentioncd below':

1. We have obtained and r e v i e w e d the extracts o f resolutions of the Board of Directors of the Company approving the issue of 6,250,0 00 right ordinary shares o f Rs. 10/- each, at a price of Rs. 40/- each.

2. We have obtained and checked the copy of the letter of offer issued under Section 83 of the Companies Act. 2017 and the Companies (Further Issue of Shares) Regulations, 2020.

3. We have traced subscription money amounting to PKR 172,342,320 in respect of 4,308,558 shares subscribed by existing shareholders and PKR 75,185,760 in respect of 1,879,644 unsubscribed shares subsequently allotted to the Director and Chief Executive/Substantial shareholder of the Company.

   We have obtained and verified the bank statements provided by the Banker to the Right Issue, Meezan Bank Limited, and confirmed the receipt of total subscription money amounting to PKR 247,528,080 in the designated Right Shares Subscription Account No. 0114240482.

4. We have obtained and checked detail of receipt of subscription money amounting Rs

.2,471,920 received through online payment option of Central Depository Company of Pakistan (CDC).

147-SHADMAN-1, LAHORE-54000 (PAKISTAN)

+92-42-37426771-3 +92-42-37426774 info@fmc.com.pk

fazalm@live.com

https://www.fmc.com.pk https://www.primeglobaI.net

FAZAL MAHMOOD & COMPANY

PrimeGlobal

The Associatloii of Arlvisoi°y nnd AccouiJ ting F'ii ins

8‹ised on tlic pi'ocedurcs mentioned above, w'e certify that subscription amount of R s . 250,000,000 has been rcccivccl by the Company against subscription of 6,250,000 right shares li ‹rn shai'eliolclers. The details are as maHoming:

Revised paid up capital after right issue is as follows:

All the requirements with icgards to the allotment of shares in the name or’ Central Depository Company of Pakistan (CDC) have been lii lfilled by the issuer. I'urther in respect of above, we have been informed that there has been no condition imposed by concerned regulatory bodies including ut not limitod to the Securities and Exchange Commission of Pakistan applicable at this stage that were rcclUircd to complied by the Company.

Restriction on Use ancl Distribution

l'hc C?crtili cate is being issued by us as statutory auditor ol’the Company. on the specific request of the man•s•ment of the Company foi onward submission to the Pakistan Stock Exchange (PSX) and Central Depository Company of’ Pakistan (CDC) for the purpose of issuance of Right Shares and is not to be used or distributed to any other parry for any other purpose. This certificate is restricted to the facts stated nbove.

FAZAL MAHMOOD & COMPANY CHARTERED ACCOUNTANTS

Place: Lahore.

147-SHADMAN-1, LAHORE-54000 (PAKISTAN)

+92-42-37426771-3 +92-42-37426774 info@fmc.com.pk

fazalm@live.com

https://www.fmc.com.pk https://www.primeglobal.net