Karachi: In a significant development for the designated market category, the transfer of shares in Calcorp Limited has been completed, marking the culmination of a takeover process initiated by JS Global Capital Limited. The announcement, made on May 8, 2025, highlighted the fulfillment of obligations under the Takeover Regulations concerning the acquisition of Calcorp Limited.

According to the details, a total of 9,022,444 shares have been successfully transferred to the acquirers. This includes 9,020,473 shares acquired through the Share Purchase Agreement (SPA) and an additional 1,971 shares tendered by the public during the Public Offer. Together, these shares represent approximately 83.97% of the paid share capital of Calcorp Limited, effectively consolidating the acquirers' control over the company.

The shares' transfer marks a critical phase in the takeover process, ensuring a comprehensive transition of ownership. Stakeholders and TRE Certificate Holders have been advised to update their records accordingly to reflect the new ownership structure.

According to information available from the Pakistan Stock Exchange (PSX), the transaction has been executed in compliance with the regulatory framework, underscoring the commitment to maintaining transparency and adherence to market regulations. The completion of this transfer signifies a milestone in the corporate landscape, with potential implications for the company's future operations and strategic direction.

The public announcement under the Takeover Regulations is a formal conclusion to the acquisition process, providing clarity and certainty to all parties involved. The successful transfer of shares is expected to pave the way for further developments within Calcorp Limited under the new ownership.