Islamabad: Jahangir Siddiqui & Co. Ltd. has disclosed a substantial acquisition of shares by its subsidiary, JS Bank Limited, in TRG Pakistan Limited. On May 25, 2026, the company announced that JS Bank Limited had acquired 81,358,289 shares, representing a 14.92% stake in TRG Pakistan Limited. The acquisition was executed on May 21, 2026, at a rate of Rs. 62.92 per share, through an enforcement of security.

According to information available from the Pakistan Stock Exchange (PSX), this acquisition has significantly increased JS Bank Limited's holdings in TRG Pakistan Limited. Prior to this transaction, JS Bank Limited, along with other entities acting in concert, held 78,622,164 shares, accounting for 14.41% of the company. Post-acquisition, their total shareholding now stands at 159,980,453 shares, which constitutes 29.33% of the total issued voting shares of TRG Pakistan Limited.

This transaction, reported under Section 109 of the Securities Act, 2015, does not attract Part IX of the Act as per Section 109(1)(c). The acquisition aligns with the regulatory framework outlined in the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

Contact for further information is Waleed Bhatti, the Company Secretary, reachable at (92-21) 111 574 111. Jahangir Siddiqui & Co. Ltd. is committed to maintaining compliance with all regulatory and disclosure requirements as stipulated by the Pakistan Stock Exchange. The company has assured that any additional information or clarification required by the PSX will be provided promptly.