Karachi: EFU Life Assurance Ltd has informed shareholders about the credit of unpaid right shares in book-entry form, following the recent right issue of 45,000,000 ordinary shares priced at PKR 10 each. The rights were allocated at a ratio of 42.86 right shares for every 100 ordinary shares held. This notification comes as part of a broader effort to facilitate shareholders in managing their investments efficiently.
The company reported that as of October 05, 2026, these unpaid right entitlements were credited into the Central Depository System (CDS) accounts of shareholders listed in the register by the close of business on October 01, 2026. For those holding physical shares, Physical Letters of Right were dispatched on October 07, 2026.
Trading of these unpaid rights commenced on the Pakistan Stock Exchange (PSX) on October 06, 2026, and will continue until October 20, 2026. According to information available from the Pakistan Stock Exchange (PSX), shareholders are advised to complete any necessary splitting of physical Letters of Right and ensure their deposit into the CDS by October 09, 2026. The deadline for acceptance and payment of the rights is set for October 27, 2026, with the allotment and credit of the right shares scheduled for November 11, 2026.
EFU Life Assurance Ltd has outlined a clear process for subscription. For those with CDC accounts, the Right Subscription Form can be obtained from their broker or CDC Investor Account Services, and submission should be made at any JS Bank Limited branch. Physical shareholders must submit their Letters of Right with Form "A" and necessary renunciation forms, along with payment, at any JS Bank Limited branch. Payments can be made via cash, crossed cheque, demand draft, or pay order payable to "EFU Life Assurance Limited - Right Subscription Account".
It is imperative that payments are received by October 27, 2026, to avoid the rights being treated as declined. The designated market category for this issue is financial services, specifically life insurance.