Nishat duo to buy back 285m shares

November 21, 2025 (MLN): Pakgen Power Limited (PKGP) and Lalpir Power Limited (LPL) have intended large-scale buy-back programs amounting to a combined 285 million ordinary shares, according to separate notices filed with the Pakistan Stock Exchange (PSX).

PKGP plans to repurchase up to 185 million shares, representing 49.72% of its total outstanding shares, while LPL aims to buy back up to 100 million shares, equivalent to 26.33% of its issued shares.

Both companies are part of the Nishat Group.

The buy-backs will begin on November 28, 2025, and will remain open until May 15, 2026, or until the completion of the respective purchases, whichever comes earlier.

All transactions will be executed through the Pakistan Stock Exchange.

The companies said the purpose of the buy-back is the cancellation of the repurchased shares, in line with the Listed Companies (Buy-Back of Shares) Regulations, 2019.

The announcements were submitted by Company Secretary Khalid Mahmood Chohan.

For investor queries, both companies have designated Mr. Tanvir Khalid as the contact person, serving as Chief Financial Officer for Pakgen Power and Incharge Finance & Accounts for Lalpir Power.

Only eligible shareholders, as defined under Regulation 12(2) of the buy-back framework, may participate.

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