SG Power Limited has announced the successful completion of all regulatory formalities required to increase its authorized share capital, marking another significant step in the company’s ongoing strategic transformation. The development was disclosed to the Pakistan Stock Exchange (PSX) through a material information notice dated July 7, 2026.
According to the company, its authorized share capital has been increased from PKR 200 million to PKR 800 million after obtaining shareholder approvals and completing all prescribed legal and regulatory requirements, including the payment of applicable fees. The expansion is intended to provide the financial capacity needed for the company’s proposed right issue, subject to receiving the remaining corporate and regulatory approvals.
In another major development, SG Power has formally submitted an application to the Pakistan Stock Exchange requesting the reclassification of its sector from Power Generation to the Pharmaceuticals sector. The move reflects the company’s approved strategic transformation and aligns with its revised principal line of business.
The sector reclassification underscores SG Power’s transition toward a new business direction and signals its intention to reposition itself within Pakistan’s pharmaceutical industry. If approved, the change would better represent the company’s evolving operations and strategic objectives.
SG Power stated that it will continue to keep the Pakistan Stock Exchange and its shareholders informed of any further material developments in accordance with applicable regulatory requirements.
