Karachi: In a significant transaction within the energy sector, Mr. Jahangir Firoz, a substantial shareholder of Lalpir Power Limited, has disposed of his entire shareholding in the company. The sale, executed on December 4, 2025, involved the transfer of 69,011,371 shares, which constituted 18.17% of the company’s total shares.

According to the information provided under Listing Regulation No. 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations, Mr. Firoz’s sale was conducted at a rate of Rs. 24.5297 per share. The transaction was confirmed through the Central Depository Company (CDC), resulting in Mr. Firoz holding zero shares in Lalpir Power Limited post-sale.

The details of the disposal, as outlined in Mr. Firoz’s communication dated December 11, 2025, included an aggregate gross amount of Rs. 1.69 billion from the sale of shares. The brokerage and associated costs amounted to Rs. 2.54 million, leading to a net amount of Rs. 1.69 billion being realized from the transaction.

According to information available from the Pakistan Stock Exchange (PSX), the sale of such a substantial block of shares is considered a very large or significant move, given the complete divestment of Mr. Firoz’s stake. The transaction details include various tranches, with the largest comprising a sale of 45,022,342 shares at Rs. 24.40 per share, totaling Rs. 1.10 billion.

This development concludes Mr. Firoz’s involvement in Lalpir Power Limited as a shareholder, with the company’s statutory records set to reflect this change following the necessary regulatory filings. The transaction underscores a pivotal shift in the ownership structure of Lalpir Power Limited, with potential implications for its future governance and strategic direction.