Karachi: SG Power Limited's Board of Directors has approved the allotment of the unsubscribed portion of its Right Issue. This decision was finalized during a meeting held on September 17, 2026. The company will distribute 3,749,635 ordinary shares at an issue price of Rs.10 per share, amounting to Rs.37,496,350.

The Right Issue initially aggregated to Rs. 534.99 million, with the company receiving Rs. 497.50 million in subscription monies, representing approximately 92.99% of the total. This left approximately 7.01% of shares unsubscribed, which the company has now allotted. According to information available from the Pakistan Stock Exchange (PSX), these shares have been allocated to various individuals and entities, including Fawad Asif Dosslani with 1,515,967 shares and Javed Iqbal with 300,000 shares, among others.

This allocation is made in accordance with Section 83(1)(a)(iv) of the Companies Act, 2017, and aligned with the Companies (Further Issue of Shares) Regulations, 2020. The designated market category is equity, focusing on the strategic distribution of the remaining shares to complete the Right Issue process.