Lahore: In a significant development for WorldCall Telecom Limited, the company announced the completion of a court-sanctioned capital restructuring process, which includes a capital reduction and a consequential stock split. This restructuring was approved by the Honorable Lahore High Court on July 8, 2026, under Order C.O. No. 31942 of 2026. The completion of the operational procedures was officially reported on August 10, 2026.
WorldCall Telecom's restructuring plan involved two main steps. The first step was the reduction of the company's paid-up ordinary share capital, as per the court's directive. This was followed by the subdivision of each remaining ordinary share of PKR 10 into ten ordinary shares of PKR 1 each. The restructuring's implementation resulted in no change in the total number of ordinary shares, although the nominal value of each share was reduced.
According to information available from the Pakistan Stock Exchange (PSX), WorldCall Telecom's restructuring was implemented sequentially as part of one integrated process. The company's accounting records will reflect the impact of these changes, with adjustments made to capital reserves and other equity accounts to better align the company's financial statements with approved restructuring guidelines.
The restructuring aims to address historical balance sheet issues and improve the company's financial transparency and sustainability. The adjustments are expected to create a more rationalized equity structure, contributing to a more transparent and sustainable balance sheet for WorldCall Telecom.