Lahore: Pioneer Cement Limited has announced a book closure period from January 27, 2026, to February 02, 2026, as per Regulation 9 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017. This announcement was made in a notice dated January 13, 2026, and will be published in the Business Recorder and Nawa-i-Waqt newspapers on January 14, 2026.

The book closure is being implemented to determine the shareholders eligible to receive offer letters in connection with a public offer announced on December 22, 2025. This offer is part of an acquisition process managed by Next Capital Limited on behalf of Maple Leaf Cement Factory Limited. The acquisition involves up to 26,623,096 shares, which constitute approximately 11.72% of Pioneer Cement Limited’s issued share capital.

According to information available from the Pakistan Stock Exchange (PSX), the move is a significant development in the cement industry, involving two prominent players in this sector. The acquisition process, governed by the regulations, underscores the ongoing consolidation trends within the industry, which are closely monitored by market participants.

Shareholders of Pioneer Cement Limited and other stakeholders have been informed of the book closure through the notice, ensuring transparency and compliance with regulatory requirements. The notice specifies that the share transfer books will not be accessible during this period as part of the procedural requirements for the public offer.