Karachi: First Dawood Properties Limited has recently announced the loss of share certificates by one of its shareholders, Mr. Jawaid Ashraf Sheikh. The incident, which involves a significant number of shares, was disclosed on October 20, 2023, necessitating urgent action from the company and its stakeholders.
According to the statement released, Mr. Sheikh reported the loss of several share certificates associated with his holdings in the company. Detailed information about the lost certificates includes various certificate numbers and respective distinctive numbers, with a total loss amounting to 1,117 shares. The designated market category for these shares falls within the Pakistan Stock Exchange (PSX).
The specific details of the lost shares are as follows: For Folio No. 009629, certificate numbers range from 0254797 to 0266610, covering distinctive numbers from 0026783301 to 0058208750. The lost shares are distributed across several certificate numbers, including 105 shares from distinctive numbers 0026783301 to 0026783405, 500 shares from 0033897039 to 0033897538, 207 shares from 0043939266 to 0043939472, 204 shares from 0051292649 to 0051292852, 100 shares from 0058208650 to 0058208749, and a single share from 0058208750 to 0058208750.
According to information available from the Pakistan Stock Exchange (PSX), the company has advised all members of the exchange to refrain from dealing in the mentioned shares until further notice. This precautionary measure aims to prevent any unauthorized transactions involving the lost certificates.
The company has also informed that if no objections are raised by the registrar within seven days of the notice, duplicate certificates will be issued to Mr. Sheikh, ensuring that his investment remains intact and protected against potential misuse or fraudulent activities. This step is crucial in maintaining the integrity and security of share transactions within the exchange.
First Dawood Properties Limited has urged all concerned parties to remain vigilant and report any suspicious activities related to these shares. The company's proactive approach in addressing this issue highlights its commitment to safeguarding shareholder interests and upholding the trust of its investors.