Karachi: Pakgen Power Limited has announced the release of its Annual Report for the fiscal year ending on December 31, 2024. The report has been made available via the Pakistan Unified Corporate Action Reporting System (PUCARS) and can also be accessed on the company's official website. The company has requested the Transmission and Receiving Equipment (TRE) Certificate Holders of the Exchange to be informed accordingly.

According to the report, Pakgen Power Limited had a total of 1,269 shareholders as of December 31, 2024, holding an aggregate of 372,081,591 shares. The shareholding distribution reveals varied investments across different slabs, with significant concentrations in higher share categories. The largest shareholding slab, between 16,615,001 and 16,620,000 shares, has a total of 16,617,500 shares, while the smallest, between 1 and 100 shares, accounts for 6,078 shares.

According to information available from the Pakistan Stock Exchange (PSX), the majority stake in Pakgen Power Limited is held by Nishat Mills Limited, which owns 112.55 million shares, representing 30.25% of the total. Providus Capital (Pvt.) Limited follows with 56.72 million shares, making up 15.25% of the company's shareholding. Other significant shareholders include Adamjee Insurance Company Limited and Security General Insurance Co Ltd, holding 6.89% and 2.02% of the shares, respectively.

In terms of shareholder categories, local investors dominate the general public segment, with 63.73 million shares, equating to 17.13% of the total shareholding. Foreign investors possess 122,019 shares, constituting 0.03%. The "Others" category includes 81.67 million shares, accounting for 21.95% of the total. The directors, chief executive officer, and their immediate family members hold a combined total of 14.63 million shares, representing 3.93% of the overall shares.

Pakgen Power Limited's market standing, as represented in the designated market category, reflects a diverse portfolio of shareholders, with significant investments from associated companies, insurance entities, and individual stakeholders. The detailed disclosure of shareholding patterns provides insight into the company's ownership structure and the distribution of its equity among various stakeholders.