April 02, 2026
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Builc4ing Stock Exchange Road Karachi
SUBJECT: CEO APPOINTMENT AND STRATEGIC CAPITAL MANDATE
Dear Sir,
In accordance with Section 96 of the Securifies Act, 2015 and Clause 5.6.1(a) of the PSX Rule Book, the Board of Directors of SG Power LimitecJ (" the Company") is pleaseci to inform the Pakistan Stock Exchange Limitec4 that Mr. Umer Ali Malik has been appointees Chief Executive Ofticer of the Company with immediate etfect. This appointment reflects the Boarc4's commitment to driviiig strategic growth, operational excellence, and enhanced shareholc4er value.
In line with the Bc›ard's previously communicated intent to i eposition the Company, the Bc›ard has formally mandated the newly appointed CEO to develop aiacJ present a comprehensive, fature-focused business plan. This plan vvill provide a clear roadmap for transitioning the Company from its current business into a scalable, high-growth model, aligned with emerging market opportunities and long-term sustainability.
Furthermore, the CEO is authorized to explore strategic capital initiatives, including equity-based capital raising, strategic partnerships, and other financial structuring options, to strengthen liquic4ity and support the Company's transformation into a profitable and grovrth-oriented organization.
The Board and management are aligned in their vision to position the Company as a for ward-looking organization with strong Fundamentals, enhanced governance, anal a clear pathway to sustainable profitability and shareholc4er value maxim ization. The Com pany remains committed to transparency and wil 1 infoi in the Exchange cut a11 rnaterial cJev elopnaen ts ill c4uc' ecurse.
Yours Sincerely,
For a on beh «st SG Power Limited
Maria Qadeer Company Secretary