Islamabad: Intermarket Securities Limited confirmed the publication of a corrigendum to the Public Announcement of Intention regarding the acquisition of 35.06% shares and control of Saudi Pak Consultancy Company Limited by JD Taurus (Private) Limited. The corrigendum was released on June 30, 2026, in Pakistan Observer and Daily Nai Baat, aligning with the initial announcement made on May 15, 2026.

The proposed acquisition is governed by the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. Intermarket Securities Limited, serving as the Manager to the Offer, issued the corrigendum following observations from the Securities and Exchange Commission of Pakistan (SECP).

Corrections addressed include the removal of an erroneous statement suggesting SECP-directed action, clarifications on regulatory approvals, and amendments to disclosures under Schedule VI. These adjustments ensure compliance with applicable regulations and clarify the framework of the acquisition process.

According to information available from the Pakistan Stock Exchange (PSX), JD Taurus (Private) Limited, the acquirer, does not hold more than 30% voting shares in any listed company, a detail significant for regulatory compliance and market transparency.

The corrigendum also elaborates on the nature of business and control details regarding companies associated with JD Taurus. These include Palladin, Daaarat Jee Mines & Minerals, and Top Mine Stone, all incorporated in Pakistan, with varying levels of shareholding and business operations.

The acquisition of Saudi Pak Consultancy Company Limited remains a notable event in the market, reflecting the dynamics of corporate control and investment strategies within the designated market category. The corrections and clarifications made through the corrigendum reinforce the acquirer's commitment to adhering to regulatory standards.