Karachi: S.G. Power Limited has announced a significant corporate financial move with the issuance of a 300% right issue of Rs.10 per share at par value, as reported on August 21, 2026. This development comes in alignment with the company's commitment to adhering to Central Depository Company (CDC) and Pakistan Stock Exchange (PSX) procedures regarding right shares.
According to the company's statement, shareholders will need to comply with the stipulated CDC and PSX timelines for depositing unpaid rights in book entry form. In a bid to streamline the subscription process, the CDC has introduced an online payment facility via 1Link for investor account holders and sub-account holders. This facility allows online payments through various banking channels including internet banking, Automated Teller Machines (ATMs), and mobile banking.
Physical shareholders have specific instructions under the CDC's applicable right shares procedures. They are given the option to renounce their Letter of Right (LOR) by depositing it into their own CDS investor account or sub-account, or by transferring it to another investor or sub-account holder with the CDC. Credit of right shares in book-entry form is also facilitated for these shareholders by providing necessary account details.
The company has requested the approval of the Letter of Intimation (LOI), Letter of Right (LOR) to physical shareholders, and information as per schedule to Companies (Further Issue of Shares) Regulations, 2020. This request underscores their dedication to conforming to regulatory requirements.
The schedule for the issuance and trading of the right issue has been meticulously planned, with key dates outlined. The commencement of trading of unpaid rights on the Pakistan Stock Exchange is set for August 24, 2026. According to information available from the Pakistan Stock Exchange (PSX), the last date for acceptance and payment of shares in both CDC and physical form is established as September 14, 2026. The allotment of shares and credit of book entry shares into CDC will occur on September 28, 2026, which is also the date for dispatching physical share certificates.
This right issue, classified as a very large or significant move due to its 300% scale, represents a strategic effort by S.G. Power Limited to bolster its financial position and expand its capital base. Stakeholders and investors are advised to monitor the related proceedings closely as the company advances through its scheduled milestones.