Crestwell Healthcare Announces Rs. 535 Million Right Issue

Crestwell Healthcare Limited, formerly known as S.G. Power Limited, has confirmed a 300 percent right matter through which it will offer 53.5 million ordinary shares to existing shareholders at Rs.

Key points

• The right matter is being conducted under the Businesses Act, 2017 and the Firms (Further Problem of Shares) Regulations, 2020, with the necessary approvals and formalities completed.
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• Shareholders must accept and pay for the rights by September 14, 2026.
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• Shareholders who do not wish to subscribe may renounce their rights in favor of another eligible investor, subject to the applicable procedures.

For context, the firm will problem 53, 499, 600 new ordinary shares at par, allowing existing shareholders to subscribe for three extra shares for every one share held as of the close of business on August 19, 2026. The matter will raise approximately Rs. 535 million if fully subscribed.

As the company's existing ordinary shares, the right shares will carry the same rights, including voting rights. The rights have been declared eligible securities by the Central Depository Firm of Pakistan and will be available for trading on the Pakistan Stock Exchange from August 24 to September 7, 2026. CDA Fined Rs. 5 Million Over Delayed Clearance Of Japanese Sanitation Vehicles.

Shareholders must accept and pay for the rights by September 14, 2026. The firm has appointed Meezan Bank as the banker for the right problem, with payments to be created through its branches throughout Pakistan.

In practice, the schedule additionally sets August 27 as the last date for splitting letters of rights and September 28 as the date for allotment and credit of the new shares into the Central Depository System.

Shareholders who do not wish to subscribe may renounce their rights in favor of another eligible investor, subject to the applicable procedures. Once the subscription amount has been paid, the corresponding letter of rights will no longer be tradable.

Meanwhile, the right matter is being conducted under the Businesses Act, 2017 and the Firms (Further Problem of Shares) Regulations, 2020, with the necessary approvals and formalities completed.

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Taken together, the developments around crestwell Healthcare Announces Rs. 535 Million Right Issue point to a situation that is still moving, and the coming days should bring more clarity.