Lahore: Pioneer Cement Limited has disclosed that it has received an acquisition proposal from Maple Leaf Cement Factory Limited. The proposal, dated November 13, 2025, indicates Maple Leaf Cement Factory Limited's intention to acquire at least 58.03% of the voting shares of Pioneer Cement Limited, thereby taking control of the company. This acquisition would surpass the thresholds outlined in Section 111 of the Securities Act, 2015.

The disclosure was made public under the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The Board of Directors of Pioneer Cement Limited was notified of this intention, emphasizing the significant potential changes in shareholding and control dynamics of the company.

According to information available from the Pakistan Stock Exchange (PSX), the announcement obliges the PSX to disseminate this information to shareholders promptly. This is to be done by posting the details on the notice board and through the automated information system, as stipulated by Regulation 5(1) of the 2017 regulations.

The proposed acquisition by Maple Leaf Cement Factory Limited represents a strategic move in the cement industry, pending regulatory compliance and shareholder response.