Lahore: Asia Insurance Company Limited has announced a one-day book closure for its shareholders, slated for November 19, 2026, to determine the entitlement of right shares. According to the company's recent notice, the closure is part of the procedure following the announcement of right shares on October 23, 2026.

The Share Transfer Books of the company will be closed on Thursday, November 19, 2026, and transfers received in good order at the office of the Company's Share Registrar, M/s Corplink (Pvt.) Limited, Wings Arcade, 1-K, Model Town, Lahore, by the close of business on Wednesday, November 18, 2026, will be eligible for the right shares. The entitlement is set at approximately one right share for every 2.70 ordinary shares held, reflecting roughly 36.97% of the existing paid-up capital of the company. Each right share will be offered at a price of Rs. 10, the face value of the share.

According to information available from the Pakistan Stock Exchange (PSX), this strategic move by Asia Insurance Company Limited is designed to bolster its capital base through the issuance of right shares. The designated market category for this transaction reaffirms the company's commitment to maintaining robust financial health and enhancing shareholder value.

Shareholders and potential investors are advised to consider these dates and requirements to ensure their eligibility for the upcoming right shares.