Islamabad: Jahangir Siddiqui & Co. Ltd. announced a significant development on October 14, 2026, as the company's Board of Directors approved a substantial equity investment in EFU Life Assurance Limited, an associated company. The approval was made during a board meeting held in compliance with Section 96 and 131 of the Securities Act, 2015, and Clause 5.6.1 of PSX Regulations.

According to the disclosure, the board has decided to make a long-term equity investment amounting to PKR 86,963,390. This investment will be realized through the subscription of 8,696,339 right shares of EFU Life Assurance Limited, each at a par value of PKR 10. This decision, however, is subject to the passage of a special resolution under Section 199 of the Companies Act, 2017.

The company has scheduled an Extraordinary General Meeting on November 06, 2026, at 11:30 AM. This meeting will take place at Dawood Hall, ICMA Pakistan, Islamabad Campus, with the aim of securing the necessary shareholder approval for this investment move.

According to information available from the Pakistan Stock Exchange (PSX), Jahangir Siddiqui & Co. Ltd.'s decision to enhance its stake in EFU Life Assurance Limited reflects a strategic initiative to bolster its investment portfolio within the insurance sector. This move is indicative of a significant shift, categorized as a very large move, within the domain of the designated market category.