Karachi: Stylers International Limited has disclosed its schedule for managing unpaid rights through the Central Depository System (CDS). This announcement is part of a broader initiative to facilitate shareholder transactions and improve investor accessibility.

The book closure dates are set from June 28 to July 5, 2024, during which rights will be managed as outlined in the recent communications sent to CDS Elements via the "CDS - Notice Management System." This schedule is essential for investors holding shares of Stylers International Limited under the symbol 'STYLERSR' and ISIN PK0143703012. According to information available from the Pakistan Stock Exchange (PSX), the right ratio has been set at 12.30 percent.

All branches of Meezan Bank Limited will handle physical applications as the banker to the right issue. Furthermore, in a bid to streamline processes and enhance user experience, the CDC has introduced an upgraded eLOR functionality. This new feature allows investors to execute payments for LOR subscription requests online through the 1B1LL.1AS system. Account holders have the option to generate right subscription requests via the eAccess Portal. However, Sub-Account holders are required to have their right subscription requests generated by their respective Participant, continuing the existing practice.

This update reflects Stylers International Limited’s commitment to integrating technological advancements into their operations, ensuring convenience and efficiency for their investors.