Karachi: Fauji Cement Company Limited has reported the loss of a share certificate by a shareholder, prompting the initiation of indemnity proceedings. The announcement came with the release of a formal notification dated August 8, 2025. The shareholder, Mr. Ahmed Naeem, has submitted an indemnity claim for a single share certificate encompassing a total of 10,000 shares.
According to the details provided, Mr. Naeem's shareholding is identified under Folio No. 1349, with Certificate No. 57487. The shares in question are marked with Distinctive Nos. 95210745 to 95220744. The total holding represented by this certificate amounts to 10,000 shares.
The company has highlighted that the transfer deed associated with the lost certificate remains unverified. In line with protocols, Fauji Cement has issued a notice stating that unless a claim is lodged by any other party, duplicate share certificates will be issued after a period of seven days from the date of the circular's issuance.
According to information available from the Pakistan Stock Exchange (PSX), the matter is being closely monitored, as is customary with such incidents. The PSX has provided a platform for the company to disseminate this information to the relevant stakeholders in the market category.
The procedural handling of this situation will be of interest to investors and regulators alike, as it underscores the importance of certificate security and the mechanisms in place for rectifying such occurrences within the stock exchange framework.