Islamabad, September 3, 2026: Shareholders of Bestway Cement Limited have declined an offer of right shares made by the company’s subsidiary, Bestway Automotive (Private) Limited (BAL), according to a disclosure submitted to the Pakistan Stock Exchange.
The decision was taken at a shareholders’ meeting held on August 31, 2026, where shareholders rejected the offer of right shares proposed by Bestway Automotive. Following the decision, the company’s board has been authorized to allot the right shares to another party, in accordance with applicable laws.
Bestway Cement said that the allotment of the right shares to another party would result in Bestway Automotive ceasing to be a subsidiary of the company. The development therefore represents a significant change in the ownership structure of the automotive business associated with Bestway Cement.
The disclosure was made in accordance with Sections 96 and 131 of the Securities Act, 2015, as well as Clause 5.6.1 of the Rule Book of the Pakistan Stock Exchange. The company also submitted the required disclosure form under S.R.O. 143(1)/2012, read with Section 131 of the Securities Act, 2015.
The announcement was signed by Hassan Niazi, General Counsel & Company Secretary of Bestway Cement Limited, and was also copied to the Director Enforcement of the Securities and Exchange Commission of Pakistan.
The disclosure highlights an important corporate restructuring at Bestway Cement, as the proposed allotment of Bestway Automotive’s right shares to another party is expected to change the subsidiary’s status within the Bestway group.
According to the disclosure form dated September 1, 2026, the matter was classified as price-sensitive/inside information concerning the company’s listed securities.
