GEPCO proposes 50% increase in authorised share capital to Rs75 billion

Gujranwala Electric Power Company (GEPCO) has put forward a plan to lift its authorised share capital by 50%, from Rs50 billion to Rs75 billion, after instructions from the Cabinet Committee on Privatisation, an official company notice showed. Shareholders will vote on the proposal at the 34th Extraordinary General Meeting, scheduled for October 22, 2026.

In practical terms, the ceiling rises from 5 billion common shares, each valued at Rs10, to 7.5 billion shares with the same par value. The directions reached the company through a letter dated September 25, 2026 from the Privatisation Commission, linked to its continuing privatisation process. If the shareholders agree, the capital clause in the Memorandum of Association would be amended, and the chief executive and company secretary would handle filings with the SECP and other authorities.

The increase only sets a higher limit on what the company may issue, so it does not by itself mean new shares or fresh equity. GEPCO has not disclosed any plan to issue additional shares or raise capital under the higher limit, and the proposal stays conditional on shareholder approval and regulatory steps.