SG Power Limited has decided to exit the power sector and transition into the technology business, marking a major change in the company’s long-term direction. This decision was approved by the board of directors during a meeting held on February 16, 2026, and formally disclosed to the Pakistan Stock Exchange (PSX) on Monday.
According to the notice, the company’s management has been asked to prepare a detailed business plan to support the shift. This will include identifying new technology-focused operations and proposing a new company name that reflects shift.
The board has also instructed management to identify and appoint core executives to ensure that future operations and strategic initiatives are aligned with the new business model. Officials said these steps are aimed at setting the groundwork for a smooth transition into the technology sector.
As part of the changes, the board approved the appointment of Naim Anwar as director, replacing Salim Razak Tabbani. Anwar has also been elected chairman of the board with immediate effect.
SG Power Limited has historically operated in the power sector, but the company did not disclose specific timelines or details about the technology segments it plans to enter. Further clarity is expected once the proposed business plan is endorsed and approved.
