Karachi: Intermarket Securities Limited has submitted certified true copies of essential documents to the Pakistan Stock Exchange (PSX), pertaining to the sub-division of its shares. The submission includes an auditors' certificate, the memorandum and articles of association, Form-26, Form-7, and a notice of book closure. The company's management has been tasked with ensuring compliance with the requirements outlined in Section 85 of the Companies Act, 2017, Section 13 of the Central Depository Act, 1997, and Chapter 8D of the CDC regulations.

The company's auditors have confirmed their responsibility to verify that all necessary procedures have been followed to ensure compliance with the specified regulations. According to the auditors, these procedures included obtaining and matching the audited financial statements of the company for the year ended June 30, 2024, with the existing number of shares and paid-up capital as of that date. Additionally, the auditors verified that the special resolution concerning the sub-division of shares, passed during the company's annual general meeting on April 28, 2025, was filed with the Securities and Exchange Commission of Pakistan (SECP) through Form-7 and Form-26.

The auditors issued a certificate confirming that the paid-up capital and the number of ordinary shares before and after the sub-division are as follows: The total existing authorized share capital of the company before the sub-division was 200.00 million shares with a face value of Rs. 10, amounting to a paid-up capital of Rs. 2.00 billion. After the sub-division, the revised authorized share capital stands at 2.00 billion shares with a face value of Rs. 1, while maintaining the same paid-up capital of Rs. 2.00 billion. Similarly, the existing paid-up share capital before the sub-division was 128,751,024 shares at Rs. 10 each, totaling Rs. 1.29 billion, which, post sub-division, translates to 1.29 billion shares at Rs. 1 each, maintaining the same paid-up capital.

According to information available from the Pakistan Stock Exchange (PSX), the purpose of this certification is to update the company's records in the PSX and other required regulators regarding the paid-up capital and the number of shares following the share sub-division. The certificate explicitly states that its use is restricted to the specific request of the management for submission to the PSX and other regulators, and it is not intended for distribution to any other parties without prior written consent.