SGPL shifts from power to tech
MG News | February 16, 2026 at 12:30 PM GMT+05:00
February 16, 2026 (MLN): SG Power Limited (PSX: SGPL) is changing its principal line of business from the Power sector to the Technology sector.
The company is preparing a detailed business plan to guide
this strategic transition, including proposals for a new company name that shows
its pivot towards Technology.
The Board of Directors has directed the management to
identify and appoint key personnel to ensure that the company’s operations and
strategic initiatives are fully aligned with its new business direction, the company's filing
on PSX revealed today.
Additionally, Mr. Naim Anwar has been appointed as a
Director, replacing Mr. Salim Razak Tabbani, and has been elected as the
Chairman of the Board.
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