Karachi: Cherat Cement Company Limited has announced a strategic move to acquire a substantial stake in Nimir Industrial Chemicals Limited. On September 10, 2026, the Board of Cherat Cement approved the appointment of KTrade Securities Limited as the Manager to Offer for the public announcement of an intention to acquire at least 30% of Nimir Industrial Chemicals Limited. This acquisition involves 33,177,164 shares held by majority shareholders.

This decision, in compliance with Sections 96 & 131 of the Securities Act, 2015, and Clause 5.6.1 of the Rule Book of Pakistan Stock Exchange Limited, marks a significant step for Cherat Cement in expanding its market presence. According to information available from the Pakistan Stock Exchange (PSX), the public announcement of this intention will be disseminated in both English and Urdu newspapers.

The acquisition process adheres to the provisions outlined in the Securities Act, 2015, and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The move is expected to impact the designated market category significantly, with TRE Certificate Holders of the Exchange being duly informed of these developments.