Karachi: Crescent Star Insurance Limited has announced a series of strategic decisions following its Board of Directors meeting held on March 5, 2026, at the company’s registered office in Karachi. The board resolved to offer 4,306,793 unsubscribed shares, amounting to PKR 12,920,379, to various approved parties at a price of PKR 3 per share. This decision is in accordance with Section 83(1)(a)(iv) of the Companies Act, 2017.

The company has authorized its Chief Executive Officer, Chief Financial Officer, and Company Secretary to proceed with the necessary legal and administrative steps to finalize the allotment of these shares. The board emphasized adherence to all applicable laws to ensure the completion of the right issue process.

In a separate resolution, Crescent Star Insurance Limited has initiated steps to rebrand its subsidiary, Crescent Star Luxury (Private) Limited, to Crescent Star Ventures (Private) Limited. This change, reserved with the Securities and Exchange Commission of Pakistan, is subject to obtaining all relevant approvals and completing legal formalities.

The subsidiary’s Memorandum of Association is set to be altered to include corporate and investment advisory services, enabling the company to apply for the necessary license from the Securities and Exchange Commission of Pakistan. The board has authorized the company’s key executives to handle all requisite filings and disclosures to effectuate this transition.

According to information available from the Pakistan Stock Exchange (PSX), these decisions are part of a broader strategy to enhance the company’s market presence within the designated market category.

These resolutions reflect Crescent Star Insurance Limited’s commitment to expanding its operational scope and optimizing shareholder value through strategic rebranding and share distribution initiatives.