Karachi: Clover Pakistan Limited has announced a subdivision of its ordinary shares, following approval from shareholders during an Extraordinary General Meeting held on March 25, 2026. The company disclosed this development in a notice dated April 3, 2026, detailing the adjustments in the face value of its shares.

The subdivision involves altering the face value of the company’s ordinary shares from Rs. 10/- to Rs. 1/- per share. To facilitate this change, the Share Transfer Books of the company will be closed on Saturday, April 18, 2026. Shareholders whose names are recorded in the Register of Members by the close of business on Friday, April 17, 2026, will qualify for the subdivided shares.

According to information available from the Pakistan Stock Exchange (PSX), this move is part of Clover Pakistan Limited’s strategy to restructure its shareholding framework effectively.

Shareholders with shares in physical form are required to submit their original share certificates, along with duly verified transfer deeds and a certified copy of their Computerized National Identity Card (CNIC), to the company’s Share Registrar, M/s. FAMCO Share Registration Services (Private) Limited, located at 8-F, Nursery, Block-6, P.E.C.H.S., Shahrah-e-Faisal, Karachi. This submission is expected to take place after the book closure date for the exchange of new share certificates.

Further communications, including notices to be published in newspapers concerning this change, will be provided separately to ensure all stakeholders are adequately informed. The company has requested the dissemination of this information to certificate holders on the exchange, highlighting a significant step in its corporate restructuring efforts.