Karachi: Clover Pakistan Limited has disclosed significant plans regarding its share structure, as announced on February 13, 2026. The company's Board of Directors has resolved to propose a sub-division of its shares, among other changes, to be presented at an upcoming Extraordinary General Meeting (EOGM).

The Board has recommended the sub-division of the face value of the company's shares from Rs. 10 to Rs. 1 per share. This change will occur in a 10-for-1 ratio, meaning shareholders will receive 10 shares for every share currently held. The initiative is in line with Section 85(1)(c) of the Companies Act 2017 and aims to make the shares more accessible to a broader range of investors.

To accommodate this sub-division, an amendment to Clause V of the Memorandum of Association has also been proposed. This amendment will reflect the new share structure post-sub-division. According to information available from the Pakistan Stock Exchange (PSX), this restructuring of share value is expected to broaden the market reach of Clover Pakistan Limited's shares and distribute growth benefits to all stakeholders.

Upon approval in the EOGM, the company's existing subscribed and paid-up capital, currently comprising 38,928,824 ordinary shares of Rs. 10 each, will be transformed into 389,288,240 ordinary shares of Rs. 1 each. The total paid-up share capital will remain unchanged, ensuring that the shareholders' equity position is maintained.

The company has yet to announce the specific date and venue for the EOGM, which will be communicated through a formal notice. This meeting will provide a platform for shareholders to discuss and vote on the proposed changes.