KARACHI: Descon Oxychem Limited, through its registrar, Corplink (Pvt.) Ltd., has announced that a shareholder has reported the loss of multiple share certificates, covering a total of 6,160 shares. The company is initiating the process of indemnity following the receipt of a formal notification from the shareholder.

The shareholder in question, Mr. Muhammad Zakaria, holds shares under Folio #5904. The lost certificates pertain to distinctive numbers spanning from 51479101 to 151151698, divided across five individual certificates. The breakdown is as follows: Certificate No. 134 encompasses 5,000 shares, Certificate No. 3430 covers 500 shares, Certificate No. 3770 also includes 500 shares, Certificate No. 6744 accounts for 80 shares, and Certificate No. 6832 similarly comprises 80 shares.

According to information available from the Pakistan Stock Exchange (PSX), Descon Oxychem Limited is a participant in the chemical sector. The procedure following the reported loss dictates that if no counterclaims are received within seven days from the issuance date of the circular, duplicate share certificates will be issued to the shareholder.

This procedure ensures that the company's and the shareholder's interests are protected while maintaining the integrity of shareholdings. The issuance of duplicate certificates will proceed in alignment with the policies set forth by the Pakistan Stock Exchange.