Karachi: SG Power Limited has successfully completed the issuance of its right shares, fully subscribing all 53,499,600 shares offered. The total subscription amount received is PKR 534.996 million, according to a report dated September 21, 2026. The confirmation of the full subscription was accompanied by the requisite certificate confirming compliance with applicable laws and regulatory requirements.

The company has requested the issuance of a No Objection Certificate (NOC) from the relevant authorities. This will allow Meezan Bank Limited, acting as Banker to the Issue, and the Central Depository Company of Pakistan Limited (CDC) to release the subscription funds in accordance with the necessary requirements.

According to information available from the Pakistan Stock Exchange (PSX), the right shares were offered at a par value of Rs. 10 each, and the process involved several layers of verification to ensure regulatory compliance. A practicing chartered accountant firm was responsible for certifying the receipt of the subscription money. Their procedures included reviewing board resolutions, letters from the PSX, and bank statements confirming the receipt of funds.

The distribution of the right shares subscription included PKR 81.05964 million from the company’s directors and major shareholders, PKR 239.92906 million via a designated bank account from the general public, and PKR 214.0073 million through the CDC's online payment option. As a result of this issuance, SG Power Limited's paid-up capital has increased from 17,833,267 shares to 71,332,867 shares, raising the total paid-up capital to PKR 713.32867 million.

The successful completion of this right shares issue marks a significant move for SG Power Limited in the designated market category, expanding its financial base and enhancing its capital structure.