Lahore: Nishat Power Limited announced on July 21, 2025, that its Board of Directors has approved a significant investment in NexGen Auto (Private) Limited, an associated company. The decision, made at a board meeting in Lahore, will be subject to shareholder approval.

The company plans to invest up to 2.00 billion PKR by acquiring or subscribing to 200 million ordinary shares of NexGen Auto, each valued at 10 PKR. Additionally, Nishat Power intends to provide a working capital loan or advance of up to 500 million PKR for one year. The return on any outstanding loan amount will be calculated as the 3-month Karachi Inter Bank Offered Rate (KIBOR) plus 100 basis points, ensuring it is not less than the company’s average borrowing cost or the applicable KIBOR rate, whichever is higher.

The proposed investments will be discussed further at an Extraordinary General Meeting (EOGM) scheduled for August 13, 2025, in Lahore. According to information available from the Pakistan Stock Exchange (PSX), the designated market category for this transaction is yet to be disclosed.

Nishat Power has also announced a book closure period for ordinary shares transfer from August 06, 2025, to August 13, 2025. Physical transfers and Central Depository System (CDS) transaction IDs must be received by the Share Registrar in Lahore by August 05, 2025, to be eligible for participation in the EOGM.