TRG PAKISTAN LIMITED
24thFLOOR, SKY TOWER WEST WING DOLMEN, HC-3, BLOCK-4, MARINE DRIVE CLIFTON, KARACHI 75600, PAKISTAN
UAN +92-21-111-874-874
FAX +92-21-35184042
WEB https://http://trgpcorp.com
1 June 2026 | |||
The General Manager | |||
Pakistan Stock Exchange Limited | |||
Stock Exchange Building | |||
Stock Exchange Road Karachi | |||
Dear Sir,
In accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited, we hereby convey the following information:
TRG Pakistan Limited (the "Company") has received a disclosure under section 109(2) of the Securities Act, 2015 read with the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017, in respect of 81,358,289 shares of the Company (corresponding to 14.92% of shares outstanding) acquired by JS Bank Limited ("JS Bank") on 21 May 2026 as an enforcement of security.
The Company has also been informed by its associate, The Resource Group International Limited (TRGI) that, during an enforcement court proceeding against Mr. Zia Chishti in the United States last week, Mr. Chishti confirmed, under oath, that the above-mentioned acquisition of shares was from his account, pursuant to a call on the shares Mr. Chishti had provided as collateral on a loan made to him by JS Bank.
TRGI further stated that it reserves all rights pertaining to the legality of any such transfers given an arbitration ruling in the United States in its favour in early 2025.
The Company has not yet received a disclosure from Mr. Chishti for this transaction pursuant to his obligations under applicable laws.
Subsequent to this transfer, the JS Group and Mr. Zia Chishti hold the following shares in the Company: JS Bank and other members of the JS Group: 159,980,453 shares (29.3%)
Mr. Zia Chishti: 6,557,500 shares (1.2%)
You may please inform the TRE Certificate Holders of the Exchange accordingly. Sincerely,
For and on behalf of TRG Pakistan Limited
Zeeshan Ul Haq Company Secretary
Cc: The Director / HOD
Surveillance, Supervision and Enforcement Department Securities and Exchange Commission of Pakistan
