Ningbo Green Light Energy to begin trading on PSX from Oct 29
- Market lot of company will be 1 share of Rs10/each
Ningbo Green Light Energy Limited (NGLEL) will commence trading on the PSX Main Board from October 29, 2026, following its merger with LSE SPAC-I Limited, offering solar energy solutions.
- NGLEL's listing on the PSX Main Board.
- Merger details and share swap ratio.
- NGLEL's role in Pakistan's solar market.
The Pakistan Stock Exchange (PSX) on Wednesday announced that shares of Ningbo Green Light Energy Limited would begin trading on its Main Board from Thursday, October 29.
In a notice, the PSX shared that the market lot of the company will be 1 share of Rs10/each.
“Pakistan Stock Exchange Limited is pleased to notify the listing of Ningbo Green Light Energy Limited (“NGLEL” or “the Company”) with effect from tomorrow i.e. Thursday, October 29, 2026. NGLEL is being listed on the Exchange pursuant to the Scheme of Arrangement (the “Scheme”) for merger/amalgamation of LSE SPAC-I Limited (“SPAC1”) with and into Ningbo Green Light Energy Limited sanctioned by the Lahore High Court vide Order dated September 30, 2026. As per the swap ratio disclosed in the Scheme, the shareholders of SPAC1 have been allotted 1.50 shares of NGLEL against 1 share of SPAC1,” the notice read.
As per the details, trading in the shares of the company will commence on the PSX Main Board from tomorrow i.e. Thursday, October 29, 2026 and shall be settled on T+1 basis. The first settlement date will be Friday, October 30, 2026.
The shares of the company have already been declared as an eligible security by the Central Depository Company of Pakistan Limited (CDC) and all the transactions shall be settled through the National Clearing Company of Pakistan Limited (NCCPL).
NCCPL has assigned “NGLEL” to the company as its company code/security symbol.
“As announced by SPAC1 vide PUCARS notification dated October 13, 2026, the opening price of NGLEL shall be the closing price of SPAC1 on the last day of its trading before suspension i.e. PKR 21.06/-, which is also the part of Scheme of Arrangement sanctioned by the Lahore High Court. Normal Circuit Breakers will be applicable on the opening price of shares in the Ready Market,” the notice read.
NGLEL operates in Pakistan’s distributed solar market as a solar-energy solutions provider and engineering, procurement and construction (EPC) contractor. Its principal operating model is system integration and project execution. Core components such as photovoltaic modules, inverters and battery-storage systems are sourced from international manufacturers; mounting structures and other balance-of-system components may be procured locally.
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