Sheikhupura: Nimir Industrial Chemicals Limited has announced a significant development concerning its ownership structure. On October 30, 2026, the company's controlling shareholders entered into a Share Purchase Agreement (SPA) with Cherat Cement Company Limited. The agreement involves the sale of 56,401,178 shares, which constitute 51.00% of Nimir Industrial Chemicals Limited's issued and paid-up share capital, at a price of Rs. 340 per share.

According to information available from the Pakistan Stock Exchange (PSX), this transaction marks a pivotal moment for both companies, as Cherat Cement Company Limited expands its foothold by acquiring a controlling interest in Nimir Industrial Chemicals Limited. However, the transaction's completion remains contingent upon the fulfillment of specific conditions and the acquisition of necessary regulatory approvals.

The disclosure of this material information aligns with the requirements of section 96 and 131 of the Securities Act 2015 and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited. This transaction is poised to have significant implications within the designated market category, indicating a strategic move by Cherat Cement Company Limited to diversify its investments and strengthen its market position.