Karachi: Avanceon Limited has announced the issuance of additional shares as part of its Employees Share Option Scheme, 2022 (ESOS 2022), according to a certification issued by Crows Hussain Chaudhury & Co. on August 29, 2025. This development follows the approval of a special resolution by the company’s members and subsequent compliance with the Central Depository System’s Standard Operating Procedures.
The certification confirms that the revised paid-up capital of Avanceon Limited now stands at 4.22 billion rupees, following the issuance of 4.84 million shares. The company’s paid-up capital prior to this issuance was 4.18 billion rupees. The shares, each with a face value of 10 rupees, were issued under ESOS 2022 as part of a strategic move to incentivize and retain employees through equity participation.
According to information available from the Pakistan Stock Exchange (PSX), the company’s adherence to regulatory requirements has been verified, ensuring compliance with all necessary procedures for the allotment of securities in the name of the Central Depository Company (CDC). This process involved a comprehensive audit, including a review of statutory forms, financial statements, and resolutions from both the company’s board and its Human Resource and Remuneration Committee.
The issuance of shares under ESOS 2022 is a part of Avanceon Limited’s broader strategy to enhance employee engagement and align their interests with the company’s growth objectives. The company’s management has maintained responsibility for ensuring compliance with all requirements related to the allotment of these securities, as well as the detection and prevention of any irregularities.
The certification by Crows Hussain Chaudhury & Co. serves as a formal attestation of the company’s compliance with the guidelines set by the Institute of Chartered Accountants of Pakistan (ICAP) for the issuance of special-purpose certificates. The document also highlights that any conditions imposed by regulatory bodies have been met, thereby facilitating smooth securities transactions in the designated market category.
This development marks a very large or significant move in Avanceon Limited’s capital structure, reflecting the company’s commitment to fostering a strong alignment between its workforce and its strategic goals. The certificate has been issued specifically for submission to the CDC, Securities and Exchange Commission of Pakistan (SECP), and PSX, with a restriction on its distribution to other parties without prior consent.