Doreen Power Generations and Systems Limited has approved a plan to merge with three subsidiary power generation companies, seeking to streamline operations, cut costs and strengthen long-term business sustainability under a single corporate structure.
The company’s Board of Directors approved the proposed scheme of merger at a meeting on 7 June 2026. Under the plan, Doreen Power will be consolidated with Chandpur Power Generations Limited, Dhaka Northern Power Generations Limited and Dhaka Southern Power Generations Limited, bringing the group’s operating assets and activities under one entity.
According to a company disclosure, the merger is intended to improve operational efficiency, strengthen management oversight and reduce administrative and compliance expenses.
The company said the consolidation is also expected to support long-term growth and create future investment opportunities while leaving the existing shareholding structure of the parent company unchanged.
Under the proposal, minority shareholders of the three subsidiary companies will receive cash consideration. No share exchange will take place as part of the transaction.
As a result, the existing shareholders of Doreen Power Generations and Systems Limited will retain their current ownership structure after the merger is completed.
The company said the proposed scheme will be implemented in accordance with the Companies Act, 1994.
The merger remains subject to approvals from shareholders and creditors of the respective companies, clearance from the Bangladesh Securities and Exchange Commission, and sanction from the High Court Division of the Supreme Court of Bangladesh.
Doreen Power said the merger process will be completed only after obtaining all required regulatory approvals.
