Karachi: S.G. Power Limited has announced a significant move in its financial strategy with an approximate 300% right issue of Rs.10 per share at par, according to a company letter dated August 18, 2026. This development is part of an effort to facilitate shareholders with more flexible payment options and adherence to regulatory protocols, effective as of the report date, August 20, 2026.
The company has confirmed its commitment to comply with the Central Depository Company (CDC) and Pakistan Stock Exchange (PSX) procedures for the issuance of right shares. To streamline the process, S.G. Power Limited will deposit the unpaid rights in book-entry form within the stipulated time frame as per CDC procedures and PSX regulations.
Highlighting the modernized approach to share transactions, the CDC has introduced an online payment facility through 1Link. This allows Investor Account Holders and Sub-Account Holders to make online payments for their subscribed rights through various banking channels, including internet banking, Automated Teller Machines (ATM), and mobile banking. The payment can also be made via cash, crossed cheque, demand draft, or pay order, credited to “S.G. POWER LIMITED – RIGHT SHARES SUBSCRIPTION” across all branches of Meezan Bank Limited in Pakistan.
According to information available from the Pakistan Stock Exchange (PSX), the trading of unpaid rights will commence on August 24, 2026, with a tentative schedule outlined for all related procedures. Physical shareholders have the option to renounce their Letter of Right (LOR) by depositing it into their own CDS Investor Account or sub-account, or to another investor or sub-account holder with the CDC.
The schedule details key dates including the credit of unpaid rights into CDC in book-entry form on August 21, 2026, and the allotment and credit of shares into CDC on September 28, 2026, the same day physical share certificates will be dispatched.
The initiative stands to potentially impact the market category by introducing advanced payment methods and facilitating shareholder engagement through modern financial technologies.