Karachi: AKD Securities Limited has published a notice regarding an extension to the timeline for a public announcement of an offer to acquire up to 6.02% of the issued and paid-up share capital and control of Escorts Investment Bank Limited. According to the notice, published in "Business Recorder" and "Nawa-i-Waqt" on August 3, 2026, this action is in compliance with regulation 6(5) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The acquirers, Mr. Kamran Malik and Mr. Sheikh Ali Baakza, initially announced their intention to acquire the share capital and control of Escorts Investment Bank on January 22, 2026. They have now decided to extend the initial 180-day period for making a public announcement of the offer by an additional 90 days. This extension aligns with Regulation 7(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

According to information available from the Pakistan Stock Exchange (PSX), the extension and related regulatory measures have been communicated to both the Pakistan Stock Exchange Limited and the Securities and Exchange Commission of Pakistan. This ensures the process remains within the framework of the established regulations.

The market is closely monitoring this development given its potential impact on the control and share ownership structure of Escorts Investment Bank Limited. The designated market category for this transaction remains under the purview of the PSX, as the processes continue to unfold.