GEPCO Proposes Raising Share Capital Limit By Rs. 25 Billion

Gujranwala Electric Power Company Limited plans to boost its share capital limit by half, moving from Rs. 50 billion to Rs. 75 billion.

NationPulse Desk

Oct 17, 2026 · 1:05 PM 2 min read

Key takeaways

Gujranwala Electric Power Company Limited proposed increasing its share capital limit by 50%, moving from Rs. 50 billion to Rs. 75 billion.

The 34th Extraordinary General Meeting on October 22, 2026, will address the proposal.

Each share holds a stated value of Rs. 10, raising the maximum allowed shares from five billion to 7.5 billion.

The Cabinet Committee on Privatization directed the change through a letter dated September 25, 2026.

Gujranwala Electric Power Company Limited intends to expand its share capital ceiling by 50 percent, moving from Rs. 50 billion to Rs. 75 billion, acting on instructions from the Cabinet Committee on Privatization. An official notice from the company states that shareholders will review this plan during the 34th Extraordinary General Meeting scheduled for October 22, 2026.

What Does the Increase Mean?

Implementing this adjustment enables GEPCO to release shares totaling up to Rs. 75 billion, moving up from the existing Rs. 50 billion cap, with every single share valued at Rs. 10. Consequently, the ceiling on total permissible shares moves from five billion up to 7.5 billion. Even so, this adjustment does not signal an immediate share issuance or cash injection, as it merely expands the authorized issuance ceiling. The notice omits details regarding future share releases, target amounts, or fund utilization plans.

Government Directs GEPCO to Make the Change

This action stems from directives delivered by the Cabinet Committee on Privatization via the Privatization Commission through a letter dated September 25, 2026. Executing this shift requires GEPCO to revise the portion of its founding documents governing maximum share value. Should shareholders endorse the plan, the chief executive officer and company secretary gain authorization to finalize documentation for submission to regulators and government bodies, including the Securities and Exchange Commission of Pakistan. These officials may also implement minor adjustments demanded by regulators without altering the core proposal.

Other Matters on the Meeting's Agenda

Attendees will also review minutes from the prior annual general meeting held on October 24, 2025. GEPCO scheduled this gathering with fewer than the standard 21 days of notice, an action permitted by the Companies Act, 2017, provided every voting member consents. Members must formally agree to this expedited timeline. Additionally, the secretary of the Ministry of Energy's Power Division received a request to authorize a representative to cast the federal government vote and approve the reduced notice period.

Enacting the higher share capital ceiling requires formal shareholder backing alongside the finalization of all necessary legal and regulatory protocols.

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