Karachi: The Central Depository Company of Pakistan Limited has announced the schedule for handling unpaid rights of Century Insurance Company Limited, with trading activities set to begin on October 15, 2026. The announcement came in a detailed report released on October 16, 2026, outlining the key dates and processes involved in the handling of these rights.
The book closure date for the rights has been set for October 13, 2026, with a right ratio of 81%. The right security, known by the symbol CENIR, will be available for trading at the designated market category. Century Insurance Company Limited's unpaid rights will be managed through the Central Depository System (CDS) under the ISIN PK0036503016.
According to information available from the Pakistan Stock Exchange (PSX), trading of the unpaid rights will commence on October 15, 2026, at the stock exchange. Stakeholders have until October 20, 2026, to initiate deposit requests, with trading at the stock exchange concluding on October 29, 2026.
Key banking support for the right issue will be provided by all branches of Habib Bank Limited for physical applications, while online payment options are available as per the attached guidelines. The last date for initiating pledge requests and movement of securities through free delivery transactions has been set for October 30, 2026.
Subscribers and investors are required to finalize their subscription requests and payments by November 5, 2026. This date also marks the deadline for pledge releases and pledge calls. The tentative date for the credit of shares against paid rights is November 20, 2026.
This structured timeline provides a clear framework for investors and stakeholders involved in the Century Insurance Company Limited's rights issue, facilitating a smooth and organized trading process.