Lahore: S.G. Power Limited, soon to be renamed Crestwell Healthcare Limited following a shareholders’ resolution on May 13, 2026, has announced a substantial issuance of right shares aimed at raising PKR 534.99 million. The company has drafted a Schedule I/Offer Document for review, detailing the issuance of 53,499,600 new ordinary shares at a par value of PKR 10 each, which represents approximately 300% of the existing paid-up capital.
The issuance of these right shares is a significant move for S.G. Power Limited, signaling a strategic shift as it transitions to Crestwell Healthcare Limited. According to information available from the Pakistan Stock Exchange (PSX), the right entitlement letter for this issuance will be tradable on the exchange, with the risks and rewards borne solely by investors. The company has opted not to seek public comments on the draft Offer Document, as allowed by current regulatory provisions.
The Offer Document advises potential investors to thoroughly examine the risks associated with equity securities and to assess their financial conditions and risk-taking capabilities before making any investment decisions. The issuance aims to provide comprehensive information to shareholders and the public regarding the rights issue, which has been registered with the Securities Exchange.
The authorized officer for S.G. Power Limited, Ms. Iman Mehmood, is the designated contact for this issuance. Investors and interested parties can reach her at the company’s office in Lahore or via the provided contact details for further information.
The validity of the Offer Document extends for 60 days from the last subscription payment date, ensuring that interested investors have ample time to make informed decisions. The company asserts that all necessary requirements under the Companies Act, 2017, and relevant regulations have been fulfilled in relation to this right issue.