Islamabad: In a crucial development for Bestway Cement Limited, shareholders have chosen to decline the offer of Right Shares from its subsidiary, Bestway Automotive (Private) Limited (BAL), during a meeting convened on August 31, 2026. The decision was revealed in a disclosure report dated September 1, 2026, as per the requirements of Sections 96 and 131 of the Securities Act, 2015.

This decision grants BAL the discretion to allot the Right Shares to another party, which may include any entity within the Bestway Group, in alignment with prevailing legal provisions. As a consequence of this potential allotment, BAL is set to cease its status as a subsidiary of Bestway Cement Limited.

The decision, which was made publicly accessible as per the regulatory requirements for listed companies, underscores a significant shift in the corporate structure of Bestway Cement Limited. According to information available from the Pakistan Stock Exchange (PSX), this move is anticipated to impact the group's internal dynamics and market positioning, as it opens avenues for the redistribution of shares.

The disclosure form, signed by Mr. Hassan Niazi, General Counsel & Company Secretary of Bestway Cement Limited, officially communicates this pivotal decision. The address for correspondence is 19-A, College Road, F-7 Markaz, Islamabad, with Mr. Niazi reachable via telephone at +92 51 265 4856 or email at [email protected].

This development marks a noteworthy event in the industrial sector, particularly for stakeholders involved with the entities under the Bestway Group's umbrella.