AHL gets 90-day extension for EPCL offer

According to Mettis Global, Arif Habib Limited, which is managing the offer, has told the SECP and the PSX that the buyer has pushed back the date by which it must issue the public announcement of offer for 510,733,451 ordinary shares of Engro Polymer & Chemicals Limited. Those shares equal 56.19% of the EPCL's total issued and paid-up capital. The notice is dated September 1, 2026.

The intention to acquire was first announced on March 12, 2026, and the formal offer was due by September 08, 2026. Instead, the acquirer is invoking Regulation 7(1) of the Listed Companies (Substantial Acquisition of Voting Shares and Takeovers) Regulations, 2017 to add 90 days. The revised deadline is December 07, 2026.

The acquirer is still obtaining the regulatory approvals it needs before submitting the offer, and it will keep pushing to speed up that process. Arif Habib Limited passed the update to the Exchange through a formal notification.