Karachi: Lalpir Power Limited has announced the cancellation of 100 million of its ordinary shares, each valued at Rs. 10, as part of a strategic buyback initiative. The move, confirmed by the Central Depository Company of Pakistan Limited (CDC) through letter No. CA/OPS-BUYBACK-25/02 dated December 26, 2025, reflects the company’s intention to consolidate its share capital.

Following this cancellation, the paid-up capital of Lalpir Power Limited has been adjusted to 279,838,732 ordinary shares of Rs. 10 each. This adjustment, effective as of December 29, 2025, marks a significant recalibration of the company’s capital structure.

According to information available from the Pakistan Stock Exchange (PSX), the buyback and subsequent cancellation of these shares are part of the company’s efforts to optimize its financial operations and enhance shareholder value. Shareholders and other stakeholders have been advised to update their records to reflect the new share capital.

Market participants are closely monitoring the developments at Lalpir Power Limited, a key player in the energy sector, as it undertakes this substantial modification to its equity structure. The company has urged concerned parties to promptly verify the updated share capital details to ensure alignment with official records.