Karachi: Jahangir Siddiqui & Co. Ltd., a prominent player in the financial services sector, announced that it has received approval from the Securities and Exchange Commission of Pakistan (SECP) for the merger of its wholly owned subsidiaries, Quality Energy Solutions (Private) Limited and Energy Infrastructure Holding (Private) Limited. The merger is set to take effect from May 31, 2025.

This merger was sanctioned by the SECP in a letter dated July 15, 2025, and falls under the regulatory frameworks of Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange (PSX) Regulations. The move is part of Jahangir Siddiqui & Co. Ltd.'s strategic efforts to consolidate its energy-related assets and streamline operations under a unified structure.

According to information available from the Pakistan Stock Exchange (PSX), the merger is intended to enhance operational efficiencies and create a more robust entity capable of leveraging synergies across its energy infrastructure portfolio. The merged entity will aim to capitalize on emerging opportunities within the energy sector.

Members of the exchange have been notified of this development, which is expected to influence the market dynamics and investment perspectives surrounding Jahangir Siddiqui & Co. Ltd. in the coming months. The merger is anticipated to result in a moderate move in the company's stock price as stakeholders adjust to the newly restructured energy holdings.

The designated market category for Jahangir Siddiqui & Co. Ltd. remains under the financial services sector, with the merger reflecting the company's ongoing commitment to optimizing its asset base and maximizing shareholder value.