Rafhan Maize Products Company Limited has announced the closure of its share transfer books for a period of seven days in connection with a public offer for the acquisition of shares in the company.
According to the notice issued on April 17, 2026, the company’s share transfer books will remain closed from May 2, 2026, to May 8, 2026, both days inclusive. The closure is being carried out in accordance with Regulation 9 of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
The company stated that the book closure is intended to determine the eligibility of persons entitled to receive offer letters pursuant to the Public Announcement of Public Offer published on March 27, 2026, in the Business Recorder and Nawa-i-Waqt newspapers.
The public offer is being made through Next Capital Limited, acting as Manager to the Offer. The offer is being made on behalf of a group of acquirers that includes Nestlé Hotels and Properties Limited, D.G. Khan Cement Company Limited, Nishat Mills Limited, Nishat Power Limited, Nishat Chunian Power Limited, Lalpir Power Limited and Pakgen Power Limited, along with Mrs. Naz Mansha, Mr. Raza Mansha, Mr. Umer Mansha and Mr. Hamshan Mansha.
Under the proposed transaction, the acquirers intend to purchase 298,759 ordinary shares of Rafhan Maize Products Company Limited, representing approximately 3.23% of the company’s issued share capital.
The notice also requested the Pakistan Stock Exchange to inform TRE Certificate Holders regarding the book closure. Rafhan Maize further stated that the book-closure notice would be published in the Nation and Nawai-Waqt (Urdu) newspapers on April 18, 2026.
The announcement provides shareholders and market participants with the key dates and details needed to understand the eligibility process associated with the public offer. The book closure period will be an important administrative step in determining the shareholders entitled to receive the relevant offer documentation.
