Karachi: Crescent Steel and Allied Products Limited has alerted stakeholders about the loss of share certificates belonging to the Islamic Development Bank, according to a notification dated February 19, 2026. The report, submitted on February 11, 2026, details a significant number of shares now deemed misplaced or lost.

The affected shareholder, M/s. Islamic Development Bank, based in Jeddah, Saudi Arabia, has been identified through correspondence managed by Mr. Muzaffar S. Khan, Vice President and Wing Head at the National Bank of Pakistan's Head Office on I. I. Chundrigar Road in Karachi. The notification specifies that a total of 3,450,150 shares, listed under folio number 0000123, are involved in this incident.

According to information available from the Pakistan Stock Exchange (PSX), the share certificates, spanning multiple certificate and distinctive numbers, have not been verified, raising concerns about potential unauthorized transactions. Members of the Exchange have been advised against engaging in activities involving these specific share certificates.

The company has communicated that if no objections are received within seven days of the notice, and after the necessary documentation is completed, duplicate certificates will be issued to the Islamic Development Bank. The market has been urged to circulate this information among its members to safeguard against any dealings with the misplaced shares.

This development underscores the importance of vigilance and prompt action in the securities market to ensure the integrity and security of share transactions. The incident has been categorized under the designated market category, highlighting its relevance to stakeholders and regulatory bodies alike.