Karachi: A formal notification has been issued to the Pakistan Stock Exchange (PSX) by CORPLINK (Pvt.) Ltd., concerning the loss of a significant share certificate owned by the late Mrs. Julia Naureen, a shareholder of Mari Petroleum Company Limited. The notice, dated October 03, 2024, states that an indemnity has been received from Naureen's legal heir, following her reported loss of a share certificate encompassing 644 shares.

According to the notification, the share certificate in question is associated with Folio Number 211 and Certificate Number 54309. The distinctive numbers for these shares range from 114468075 to 114468718. As detailed in the document, the total holding corresponding to this certificate amounts to 644 shares.

According to information available from the Pakistan Stock Exchange (PSX), the loss report specifies a grace period of 90 days for any claims against the duplicate share certificate issuance, after which the certificate will be issued if no claims are made. Additionally, the transfer deed pertaining to this share certificate remains unverified, suggesting that validation of the rightful ownership is still pending.

This incident brings to light the procedural steps taken by companies and registrars to address the complexities arising from the loss of physical share certificates, emphasizing the importance of timely legal and administrative actions to safeguard shareholder interests.