Karachi: Blue-Ex Limited has announced an Extraordinary General Meeting (EOGM) scheduled for February 11, 2026, as the company seeks shareholder approval for a significant restructuring of its share capital. According to a notice sent to shareholders, the meeting will take place at the company’s registered office on Shahrah-e-Faisal, Karachi, and will be accessible via video link for remote participants.

The meeting is set to address a special business resolution under Section 85 of the Companies Act, 2017. The proposal involves subdividing the company’s existing capital structure, altering the face value of each ordinary share from Rs. 10 to Rs. 1. Consequently, the authorized capital will expand from 50,000,000 shares to 500,000,000 shares, and the issued and paid-up capital will change from 28,428,430 shares to 284,284,300 shares. This move aims to enhance market liquidity and broaden the shareholder base by making shares more accessible to retail and individual investors.

According to information available from the Pakistan Stock Exchange (PSX), the market price of Blue-Ex shares currently exceeds their face value, which has limited accessibility for smaller investors. The proposed subdivision is expected to address this issue, with shareholders receiving ten shares of Rs. 1 each for every single share held at a face value of Rs. 10. There will be no alteration to the rights and privileges associated with the shares.

The company has ensured that the subdivision aligns with the applicable provisions of law and regulatory framework. Share transfers for attending the EOGM must be received by February 3, 2026, at the office of the Share Registrar, Central Depository Company of Pakistan Limited. The share transfer books will be closed from February 4 to February 11, 2026, during which no transfers will be registered.

Blue-Ex Limited has also provided guidelines for participation in the EOGM, including proxy appointments and video conferencing options, to facilitate shareholder engagement. Additionally, provisions for e-voting and postal ballot have been made available to ensure comprehensive participation in the decision-making process.

The Board of Directors of Blue-Ex Limited has expressed confidence in the proposed changes, emphasizing their potential to positively impact the company’s market presence and shareholder engagement.