Karachi: Clover Pakistan Limited has announced the publication of its Book Closure Notice for the subdivision of shares, in accordance with section 85(1)(c) of the Companies Act, 2017. This announcement follows the approval of a special resolution by the company’s shareholders at an Extraordinary General Meeting held on March 25, 2026.

The Book Closure Notice, as confirmed by the company, has been published in the Daily Times (English) and Daily Nai Baat (Urdu) on April 5, 2026. The publication marks a crucial regulatory compliance step, ensuring that all stakeholders are informed. The eligible members will receive ten shares of Rs. 1 face value each for every one share of Rs. 10 previously held.

According to information available from the Pakistan Stock Exchange (PSX), the share subdivision aims to enhance the liquidity and accessibility of Clover Pakistan Limited's shares. The company has outlined that the Share Transfer Books will be closed on April 18, 2026, to determine eligibility for the subdivided shares. Members listed in the Register of Members by the close of business on April 17, 2026, will qualify for the new share issuance.

Clover Pakistan Limited has also requested members with physical share certificates to surrender their certificates, verified transfer deeds, and certified copies of their Computerized National Identity Card to the company's Share Registrar, M/s. FAMCO Share Registration Services (Private) Limited in Karachi, after the book closure date, for the exchange of new certificates.