Karachi: The Central Depository Company of Pakistan Limited (CDC) has announced a comprehensive schedule for managing the unpaid rights of WASL Mobility Modaraba. This initiative, dated March 5, 2026, aims to streamline the process through the Central Depository System (CDS) and enhance investor convenience with the introduction of improved eLOR functionality.
According to the CDC’s notification, the schedule for handling the unpaid rights has been circulated to CDS Elements via the CDS – Notice Management System. The CDC’s vision to enhance customer convenience through innovation is evident in the new eLOR functionality, which allows investors to make payments for Letter of Rights (LOR) subscription requests online via the 1BILL platform. Account holders can generate right subscription requests through the eAccess Portal, whereas sub-account holders must coordinate with their respective participants to generate such requests, maintaining the current practice.
The schedule outlines several key dates and procedures for the unpaid rights of WASL Mobility Modaraba, which will be handled in CDS. The book closure dates are set for March 3, 2026. The right ratio is specified as 24.2099994129452%, classified as a very large or significant move. The right security name is identified as WASL Mobility Modaraba – LoR (WASLR), with the ISIN PK0042803012. Dubai Islamic Bank Limited will serve as the banker for the right issue at all its branches for physical applications, while online payments can be made by following the attached guidelines.
The commencement of trading for the unpaid rights at the stock exchange is scheduled for Thursday, March 5, 2026. The last date for initiating deposit requests is Tuesday, March 10, 2026, and trading at the stock exchange will conclude on Thursday, March 19, 2026. The final date for initiating pledge requests and movement of securities (only allowed as free delivery transactions) is set for Wednesday, March 25, 2026. Subscription requests and payments, as well as pledge releases and pledge calls, must be completed by Monday, March 30, 2026. The tentative date for the credit of shares against paid rights is Monday, April 13, 2026.
According to information available from the Pakistan Stock Exchange (PSX), the trading and subscription timeline for WASL Mobility Modaraba’s unpaid rights is anticipated to provide clarity and facilitate smoother transactions for investors.
This structured approach by the CDC underscores its commitment to leveraging technology to improve the efficiency and accessibility of financial transactions in Pakistan’s capital markets, particularly within the designated market category of Modaraba.