⚡ Flash Summary

Lalpir Power Limited’s board has recommended a buy-back of up to 100 million ordinary shares, representing 26.33% of the total outstanding shares. This buy-back, to be executed through the Pakistan Stock Exchange, aims to provide an exit opportunity for members and improve the company’s book value. The purchase period is slated from November 27, 2025, to May 15, 2026, or until the purchase is complete. An Extraordinary General Meeting will be held on November 20, 2025, to seek member approval for the buy-back.

📌 Key Takeaways

• ✅ Board recommends buy-back of up to 100 million shares.
• 💰 Buy-back represents 26.33% of total outstanding shares.
• 🗓️ Purchase period: November 27, 2025 to May 15, 2026.
• 🏢 Buy-back to be executed through Pakistan Stock Exchange.
• 👍 Aims to provide exit opportunity to members.
• 📈 Expected to improve book value post buy-back.
• 🤝 Member approval to be sought at EOGM on November 20, 2025.
• 📍 EOGM at Emporium Mall, Lahore.
• 📰 Notice of meeting to be transmitted through PUCARS.
• 🔒 Share transfer books closed from 13-11-2025 to 20-11-2025.
• 📑 Physical transfers/CDS Transactions IDs received up to 1:00 p.m. on 12-11-2025 considered for EOGM.
• ℹ️ Face value of each share is Rs. 10.
• 📜 Buy-back in accordance with Companies Act, 2017 and Buy-Back Regulations, 2019.
• 💲 Purchase price will be the spot/current share price during the purchase period.

🎯 Investment Thesis

HOLD. The proposed buy-back indicates management’s confidence in the company. While the buy-back can support the share price and improve book value, detailed financial information is needed to determine fundamental value. Further analysis is recommended after the buy-back is complete and its financial impact can be assessed. Price target is to be determined after reviewing Q4 2025 financials and assessing the effect of the buyback. Time horizon is MEDIUM_TERM (6-12 months).