Karachi: In a notable leadership change, S.G. Power Limited announced the appointment of Mr. Naim Anwar as both Director and Chairman of the Board, effective January 7, 2026. Mr. Anwar, currently the Chief Executive Officer of Crescent Star Insurance Limited (CSIL), was nominated by CSIL for the directorship position.

Mr. Anwar replaces Mr. Salim Razak Tabani on the Board of Directors. This transition aligns with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Pakistan Stock Exchange Rule Book.

According to information available from the Pakistan Stock Exchange (PSX), the appointment of Mr. Anwar is part of a broader strategic initiative to strengthen leadership at S.G. Power Limited. The decision was ratified unanimously by the Board, underscoring confidence in Mr. Anwar's leadership capabilities.

The market category for this update falls under the designation of significant corporate governance changes within the energy sector. The company has urged the Certificate Holders of the Exchange to be informed of these developments.