Lahore: In a significant move for Nishat Chunian Power Limited, the shareholders of the company have approved a series of resolutions that pave the way for substantial investments in NexGen Auto (Private) Limited, an associated entity. The decisions were ratified during an Extra Ordinary General Meeting held on August 13, 2025, at The Nishat Hotel in Lahore, as per the requirements outlined in Regulation 5.6.9 of the Pakistan Stock Exchange Limited's Rule Book.

The shareholders authorized a long-term equity investment of up to 2.00 billion PKR. This investment will involve the acquisition or subscription of 200 million ordinary shares of NexGen Auto, priced at 10 PKR each. The resolution, which will remain valid for two years from the date of approval, empowers key executives of the company to execute necessary agreements and complete legal formalities as required to implement the investment plan. Furthermore, the company is authorized to divest or decline rights shares as deemed appropriate in the future.

Moreover, the shareholders also approved a working capital loan of up to 500.00 million PKR to NexGen Auto for a period of one year. This loan will be issued with a return pegged at the 3 Months Karachi Inter Bank Offered Rate (KIBOR) plus 100 basis points, ensuring it is not less than the company's average borrowing cost or KIBOR for the period. The resolution grants executives the authority to make necessary decisions and execute relevant documents to facilitate the loan.

According to information available from the Pakistan Stock Exchange (PSX), these resolutions reflect Nishat Chunian Power Limited's strategic approach to bolstering its investment portfolio and leveraging opportunities in associated companies. The company's initiative is seen as a proactive measure to enhance its financial standing and operational capabilities in the energy sector.

The designated market category for this development is the energy sector, given that Nishat Chunian Power Limited is primarily engaged in power generation and related services. The company's strategic direction, as outlined by these shareholder resolutions, underscores its commitment to fostering growth through calculated investments in associated ventures.