March 27, 2026
Executive Director Public Offering and Regulated Persons Department Securities Market Division Securities and Exchange Commission of Pakistan NIC Building, Jinnah Avenue, Blue Area, Islamabad |
The General Manager Pakistan Stock Exchange Limited Stock Exchange Building Stock Exchange Road, Karachi |
Mr. Mustafa Kamal Zuberi Chief Legal Officer and Company Secretary Rafhan Maize Products Company Limited Rakh Canal East Road, Faisalabad |
Subject: Publication of Public Announcement of Public Offer to acquire shares and control of Rafhan Maize Products Company Limited in Newspapers
Dear Sir(s),
Reference is being made to our letter dated March 26, 2026, wherein we, Next Capital Limited submitted the Public Announcement of Public Offer ("PAO") to acquire 298,759 ordinary shares and control of Rafhan Maize Products Company Limited ("Target Company") by Nishat Hotels and Properties Limited, D. G. Khan Cement Co. Limited, Nishat Mills Limited, Nishat Power Limited, Nishat Chunian Power Limited, Lalpir Power Limited, Pakgen Power Limited, Mrs. Naz Mansha, Mr. Raza Mansha, Mr. Umer Mansha and Mr. Hassan Mansha (the "Acquirers").
As required under regulation 7(6) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, the PAO has been published in Business Recorder and Nawa-e-Waqt on March 27, 2026; snapshots of the e-newspapers and the related links are attached for your record.
Should you require any additional information or clarification, feel free to contact the undersigned. Sincerely,
For and on behalf of Next Capital Limited
Aamna Rasheed
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Associate, Investment Banking