September 01, 2026 (MLN): Arif Habib Limited (AHL), acting as the Manager to the Offer, has formally notified the Securities and Exchange Commission of Pakistan (SECP) and the Pakistan Stock Exchange (PSX) that the Acquirer has extended the deadline for issuing the Public Announcement of Offer (PAO) regarding the proposed acquisition of 510,733,451 ordinary shares of Engro Polymer & Chemicals Limited (EPCL). This stake represents 56.19% of the company’s total issued and paid-up capital.
The Public Announcement of Intention (PAI) for the proposed acquisition was originally published on March 12, 2026.
The Acquirer is presently navigating the process of securing the necessary regulatory approvals required to submit the PAO and remains committed to expediting the completion of these requirements.
The original deadline for issuing the PAO was set for September 08, 2026. However, the Acquirer has exercised its right to extend the PAO submission period by an additional 90 days, in accordance with Regulation 7(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017.
Consequently, the revised deadline for making the PAO has been extended to December 07, 2026.
The relevant details were communicated to the Exchange through an official notification.
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