Karachi: Next Capital Limited has taken a significant step towards acquiring shares and control of Rafhan Maize Products Company Limited. On February 13, 2026, the company published a Public Announcement of Intention in prominent newspapers 'Business Recorder' and 'Nawa-e-Waqt'. This move is in line with Regulation 6(5) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.

The announcement follows a previous letter dated February 11, 2026, indicating Next Capital Limited's intent to expand its market position through this acquisition. Snapshots of the e-newspapers and related links have been attached to provide further details.

According to information available from the Pakistan Stock Exchange (PSX), the announcement aligns with the regulatory framework governing substantial acquisitions and takeovers, signifying a structured approach by Next Capital Limited.

For additional inquiries, stakeholders are encouraged to reach out to the designated contact person as indicated in the announcement.