Karachi: Crestwell Healthcare Limited, formerly known as S.G. Power Limited, has announced the dispatch of notices to shareholders regarding the issuance of 300% right shares at a par value of Rs. 10 each. The notices, published in Daily Pakistan Observer and Daily Asas, signify the credit of unpaid rights into shareholders’ Central Depository System (CDS) accounts, effective August 21, 2026.
The transition, in compliance with Clause 5.6.9(b) of the Rule Book of the Exchange, marks a pivotal point for the firm, which is keen on ensuring a seamless process for its investors. The move to credit unpaid rights equates to an allocation of three ordinary shares for each share held, as per the shareholders' entitlements on August 19, 2026.
According to information available from the Pakistan Stock Exchange (PSX), trading of these unpaid rights commenced on August 24, 2026, with the subscription offer also beginning the same day. The trading of Rights Letters is scheduled to conclude on September 7, 2026, and the final date for acceptance and payment of shares in both CDS and physical form is September 14, 2026. The allotment of shares and the subsequent credit of book entries into CDS are set to be finalized by September 28, 2026.
For shareholders opting to exercise their right offers, a detailed payment procedure has been outlined. Payments can be made through any branch of the designated banker, Meezan Bank Limited, using cash, cross cheque, demand draft, or pay order. Non-resident Pakistani and foreign shareholders are required to send equivalent amounts in Pakistani Rupees to the Company Secretary at the corporate office, adhering to the stipulated deadline.
A significant improvement in convenience has been achieved with the introduction of an online payment facility via 1Link for rights subscription. This allows Investor Account Holders to make payments through various banking channels, including Internet Banking, ATMs, and Mobile Banking.
Furthermore, shareholders who possess physical Letters of Rights can deposit them into CDS following the standard procedure until seven business days before the last trading date. Shareholders wishing to renounce their rights must complete the necessary documentation by September 14, 2026.
The initiative also addresses fractional entitlements, consolidating them under the Company Secretary, with unpaid letters of rights being disposed of on the Pakistan Stock Exchange. The net proceeds from this disposition will be distributed to entitled shareholders in accordance with applicable laws, ensuring equitable distribution of benefits.
This strategic move by Crestwell Healthcare Limited is viewed as a significant development in the designated market category of healthcare services, reflecting the company's commitment to maintaining transparency and facilitating shareholder engagement.