Karachi: Cherat Cement Company Limited, a prominent player in the cement industry, has announced its intention to acquire a substantial portion of Nimir Industrial Chemicals Limited. On September 10, 2026, Cherat Cement made public their intention to purchase at least 30% of the issued and outstanding shares of Nimir Industrial Chemicals, which equates to approximately 33,177,164 shares.

The announcement was facilitated by KTrade Securities Limited, acting as the Manager to the Offer. This strategic move by Cherat Cement is in compliance with the Securities Act 2015 and the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. The acquisition is expected to be a significant development in the chemicals market category, potentially impacting market dynamics.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition bid is a significant move, as Cherat Cement seeks to deepen its footprint in the industrial chemicals sector through this potential acquisition. The acquisition will involve a comprehensive review under the regulatory frameworks and is being managed meticulously by KTrade Securities Limited.

The Public Announcement of Intention is set to be published in one English and one Urdu language newspaper to ensure wide dissemination. This strategic acquisition aligns with Cherat Cement's broader goals of diversification and expansion, as it seeks to capture additional market share in the industrial chemicals sector.

Stakeholders and TRE Certificate Holders of the Exchange have been informed of this development, and further inquiries can be directed to KTrade Securities Limited.