Karachi: Kohat Cement Company Limited has announced the completion of the sub-division of its shares, reducing the face value of its ordinary shares from Rs. 10 to Rs. 2. This change was executed following the approval of a special resolution by the shareholders and the fulfillment of all regulatory requirements, according to a statement released by the company on August 25, 2025.

The sub-division, which was approved during an Extraordinary General Meeting held on August 7, 2025, has significantly increased the number of shares, with the paid-up share capital now consisting of 919.31 million ordinary shares of Rs. 2 each. The authorized share capital remains unchanged at 1.50 billion shares, while the paid-up capital retains its previous value of Rs. 1.84 billion. The revised shares were credited to the respective sub-accounts of entitled members maintained with the Central Depository Company of Pakistan Limited as of August 22, 2025.

According to information available from the Pakistan Stock Exchange (PSX), the restructuring of the company's shares does not alter the rights and privileges attached to them. Shareholders with physical share certificates are advised to surrender their original certificates, along with verified documents, to the company's Share Registrar, Hameed Majeed Associates (Private) Limited, for new certificates.

The initiative, conducted under Section 85(1)(c) of the Companies Act, 2017, is part of the company's efforts to enhance share liquidity and marketability. The company's management has ensured compliance with all applicable corporate laws and PSX requirements concerning stock splits. The external auditors, KPMG Taseer Hadi & Co., have confirmed the revised number of shares, corroborating the details provided in the company's statement.