DLL News

DLL changed its registered office to 68, Margalla Road, F-6/2, Islamabad, with effect from 11 June 2026. The company's head office continues at Dawood Center, M.T. Khan Road, Karachi.

Pursuant to shareholder approval at the AGM held on 15 April 2026, DLL sub-divided its ordinary shares from a face value of Rs 10 to Rs 1, with shareholders receiving ten new shares for every share held. The sub-divided shares were credited in June 2026, taking the number of shares in issue to about 800.8 million.

Following the election of directors, DLL announced the appointment of Mr. Hussain Dawood as Chairman of the Board of Directors and the re-appointment of Mr. Muhammad Bilal Ahmed as Chief Executive Officer.

The Pakistan Stock Exchange delisted Cyan Limited and DH Partners Limited with effect from 25 March 2026, following completion of their amalgamation into Dawood Lawrencepur Limited.

The Competition Commission of Pakistan approved the merger of Cyan Limited and DH Partners Limited into Dawood Lawrencepur Limited, describing it as an internal restructuring within the Dawood Group that raised no competition concerns.

Following the court-sanctioned merger, DLL issued 23,741,938 new ordinary shares to the shareholders of Cyan Limited and DH Partners Limited, increasing its paid-up capital to Rs 800.8 million. Both companies were dissolved without winding up and merged into DLL.

The Islamabad High Court sanctioned the Scheme of Arrangement for the amalgamation of DH Partners Limited and Cyan Limited into Dawood Lawrencepur Limited, with DLL as the surviving entity. The court noted strong shareholder support for the merger.

DLL's Board approved the amalgamation of DH Partners Limited and Cyan Limited into DLL under a Scheme of Arrangement. Shareholders of DH Partners were to receive 4.7724 DLL shares for every 100 shares, and Cyan shareholders 7.2974 DLL shares for every 100 shares. The merger aimed to combine businesses with similar activities, strengthen the balance sheet and broaden the shareholder base.

DLL announced that Ms. Nazia Hasan resigned as Chief Financial Officer and Mr. Kamran Hanif Jangda was appointed CFO with effect from 1 December 2025.

Cyan Limited's and DH Partner Limited's Board gave in-principle approval to an amalgamation with Dawood Lawrencepur Limited through a Scheme of Arrangement, aimed at unlocking shareholder value through operational and governance efficiencies and a more diversified asset base.

Mr. Mohammad Shamoon Chaudhry resigned as Chief Executive Officer and Director of DLL, and the Board appointed Mr. Muhammad Bilal Ahmed as Chief Executive Officer and Director in his place, with effect from 16 May 2025.

DLL transferred its entire shareholding in Reon Energy Limited to Juniper International FZ LLC on 7 October 2024, completing the transaction agreed in March 2023.

DLL announced that the proposed sale of Tenaga Generasi to Artistic Milliners would not go ahead because the conditions in the Share Purchase Agreement could not be met within the agreed time, and the buyer decided not to proceed. Tenaga Generasi remained a DLL subsidiary.

The Competition Commission of Pakistan approved Artistic Milliners' proposed acquisition of Tenaga Generasi Limited, concluding that the deal would not create market dominance in wind power generation.

At DLL's Annual General Meeting, shareholders approved the sale of Reon Energy Limited to Juniper International FZ LLC for Rs 100 million and the sale of DLL's 75% stake in Tenaga Generasi to Artistic Milliners for US$23.175 million, subject to adjustments under the agreement. Shareholders also approved a one-year extension of the Rs 300 million loan facility to TGL.

DLL's Board approved a Share Purchase Agreement with Artistic Milliners (Pvt) Ltd for the sale of its entire 75% stake in Tenaga Generasi Limited, subject to shareholder and regulatory approvals.

DLL's Board approved a Share Purchase Agreement with Juniper International FZ LLC for the sale of DLL's entire shareholding in Reon Energy Limited, subject to shareholder and regulatory approvals.

Reon Energy, DLL subsidiary, working with Redco International Qatar, installed a 5.3 MW solar-powered bus charging station at Lusail, Qatar, for the FIFA World Cup 2022. The project was recognised by Guinness World Records as the largest bus charging station in the world, powering 241 buses.

Tenaga Generasi's 49.5 MW wind project at Kuttikun, Mirpur Sakro, Thatta, achieved its 'Project Completion Date' on 9 December 2022 under its financing agreements. As a result, TGL became permitted to declare dividends to DLL, and DLL's sponsor support obligations were to be released after 31 July 2023.

Following the August 2020 MoU, Tenaga Generasi initialled a draft agreement with the Central Power Purchasing Agency (Guarantee) Limited, subject to approval of TGL's Board, shareholders and lenders before a final agreement could be signed.

DLL approved a Rs 30 million investment in Reon Alpha's rights issue to fund expansion of its power projects, including the 5 MW solar plant being built in Thar to supply Sindh Engro Coal Mining Company under a 15-year agreement.

The Board approved a Rs 300 million investment in a rights issue of Reon Energy Limited (30 million shares of Rs 10 each)

DLL's Board approved the sale of its 'Lawrencepur' menswear brand to associated company Sach International (Private) Limited for Rs 81.5 million, above an independent valuation of Rs 78.1 million. The brand, which dates back to 1954, had been unused by DLL since its woollen mill closed, and the company planned to reinvest the proceeds in renewable energy.

DLL's Board approved a second subordinated loan facility of up to Rs 1 billion for its subsidiary Tenaga Generasi Limited, together with a corporate guarantee of Rs 500 million in favour of Allied Bank for TGL's running finance, subject to approval at an EGM on 12 July 2019.

DLL's Board approved a Rs 103 million investment in the rights issue of its wholly owned subsidiary Reon Alpha (Private) Limited. Reon Alpha had signed a 15-year energy purchase agreement with Sindh Engro Coal Mining Company to supply power from a 5 MW solar plant in Thar, and DLL's investment funded the project's equity share.

The Board approved a Rs 70 million investment in Reon Energy's rights issue (7 million shares at Rs 10 each).

DLL's Board approved a Rs 280 million investment in its wholly owned subsidiary Reon Energy Limited through subscription of 28 million right shares at Rs 10 each.

The Board appointed Mr. Mujtaba Haider Khan as Chief Executive Officer of Dawood Lawrencepur Limited. Mr. Khan was also serving as CEO of the company's solar subsidiary, Reon Energy Limited.

DLL announced that commissioning of Tenaga Generasi's 49.5 MW wind power project at Mirpur Sakro, District Thatta, was completed on 10 October 2016, based on the certificate of the independent engineer TUV-PAK, and that the plant's Commercial Operations Date was 11 October 2016. The project uses GE 1.6 MW turbines and supplies clean electricity to the national grid.

The Board authorised the CEO to apply to the Alternative Energy Development Board for a Letter of Interest for a wind power project of up to 50 MW, and for a Letter of Intent for a 15 MW grid-connected solar project at the company's facility in District Attock. The Board also approved further equity in Tenaga Generasi.

DLL announced that its subsidiary Tenaga Generasi Limited achieved financial close for its 49.5 MW wind power project at Kuttikun, Mirpur Sakro, District Thatta, and that the Alternative Energy Development Board issued the Government of Pakistan guarantee for the project. The roughly US$119 million project was financed 75% debt and 25% equity, with IFC and OPIC among the lenders and IFC also taking an equity stake alongside DLL. General Electric was to supply 31 wind turbines.

The Board approved, for shareholders' approval at the AGM on 10 April 2015, the transfer of assets of DLL's renewable energy business to its wholly owned subsidiary Reon Energy Limited at a fair market value of Rs 173.9 million. The move placed all of DLL's solar operations in a dedicated company.

Further to shareholder approval obtained on 10 April 2014, the Board approved the sale of land (10.65 acres and 40.45 acres) along with buildings of the closed Dawood Cotton Mills and Dilon units at Landhi Industrial Area, Karachi, for Rs 780 million. The proceeds were intended to support the company's move into renewable energy.

Following shareholder approval on 10 April 2014, the Board approved the sale of plant and machinery of the closed Lawrencepur Woollen and Textile Mill in District Attock for Rs 70 million.

DLL's Board decided to set up a wholly owned subsidiary, Reon Energy Limited, to be focused solely on the renewable energy business, with an initial equity investment of Rs 10 million.

The Board of DLL approved the sale of land parcels measuring about 26 acres in Tehsil Raiwind, District Lahore, for Rs 250.58 million. The sale continued the monetisation of non-core legacy assets as the company shifted away from textiles.

Citing falling demand in Pakistan's worsted fabric industry, DLL's Board decided to suspend operations of Lawrencepur Woollen and Textile Mills with immediate effect, while keeping the 'Lawrencepur' brand alive under a licence. The Board said the decision was in line with the company's strategy to focus on renewable energy. A Voluntary Separation Scheme was approved for employees, and an MoU was later signed with the workers' union.

DLL approved a joint venture with an associated company, Inbox Business Technologies (Private) Limited, to bid for the supply of products and services for the Government of Punjab's initiative to provide Solar Home Solutions to low-income households. It was one of DLL's early steps into solar energy.

DLL's Board approved the disposal of all assets of its discontinued Burewala Textile Mills unit, including land, buildings, plant and machinery. The Board also approved the sale of land of the discontinued Dawood Cotton Mills and Dilon units at Landhi, Karachi subject to Shareholders approval.

Approving the audited accounts for the year ended 31 December 2010, the Board recommended bonus shares in the ratio of 15 shares for every 100 held (15%). This was in addition to the interim cash dividend of Rs 0.50 per share (5%) already paid during the year.

DLL entered into a sale agreement on 2 August 2010 to dispose of the plant, machinery and related assets of its closed-down units at Landhi Industrial Area, Karachi. The disposal had been approved by shareholders at the 59th Annual General Meeting held on 31 October 2009, and was part of the company's gradual exit from loss-making textile operations.

DLL informed the stock exchanges that its financial year was changed from July-June to January-December, after obtaining the required approval from the Income Tax Department. To make the switch, the company closed a transitional six-month financial year ending 31 December 2009.

DLL acquired 100% of the shares of Tenaga Generasi Limited (TGL) from its former Malaysian shareholders for about US$450,000. TGL held the rights to develop a 50 MW wind power project in Gharo, Sindh, and the acquisition marked DLL's entry into renewable energy. In April 2008 the Alternative Energy Development Board increased TGL's land allocation to 4,881 acres, enough for a 100 MW wind farm.

The Board of DLL approved the company's audited accounts for the period ended 30 June 2005 and decided to issue bonus shares in the ratio of one share for every ten shares held (10%). This was one of the company's first major corporate announcements after the amalgamation and rewarded shareholders of the newly combined company.

Dawood Lawrencepur Limited (DLL) was incorporated in 2004 as a public listed company through a scheme of amalgamation of four Dawood Group textile companies: Dawood Cotton Mills Limited, Dilon Limited, Burewala Textile Mills Limited and Lawrencepur Woollen and Textile Mills Limited. The combined company brought together the Group's legacy textile operations in Karachi, Burewala and Lawrencepur under one listed entity, and became known as Pakistan's first producer of worsted fabrics and the home of the 'Lawrencepur' brand.