Karachi: Dawood Lawrencepur Limited has successfully completed a significant sub-division of its ordinary shares, effectively altering the face value of the shares from Rs. 10/- each to Re. 1/- each. This development follows a series of regulatory and procedural formalities, which the company has meticulously adhered to, as per the requirements of the Companies Act, 2017. The announcement was made on June 8, 2026, signifying the conclusion of a process that commenced with initial disclosures on April 15, 2026, and May 22, 2026.

The company has credited the revised shares to the respective sub-accounts of its entitled members maintained with the Central Depository Company of Pakistan Limited as of June 5, 2026. Shareholders who possess physical share certificates are advised to submit their original certificates, along with verified transfer deeds and valid CNIC copies, to the Company’s Share Registrar for the issuance of new certificates reflecting the revised face value.

Following this sub-division, Dawood Lawrencepur Limited’s subscribed and paid-up capital has been reorganized from 80,076,652 ordinary shares of Rs. 10/- each to 800,766,520 ordinary shares of Re. 1/- each. There has been no alteration in the rights, privileges, or entitlements of the shares. This restructuring aligns with the guidelines provided by the Pakistan Stock Exchange for listed companies concerning stock splits.

The Pakistan Stock Exchange (PSX) required Dawood Lawrencepur Limited to submit an auditor’s certificate confirming the total number of shares following the change in face value. According to information available from the Pakistan Stock Exchange (PSX), the paid-up capital now stands at 800.77 million securities. The external auditor’s certificate, issued pursuant to PSX’s request, confirmed the revised number of shares, affirming the company’s compliance with PSX guidelines.

The company’s management has been actively involved in ensuring adherence to all PSX requirements, including the submission of relevant forms and resolutions to the registrar of companies. This comprehensive approach underscores the company’s commitment to maintaining transparency and regulatory compliance throughout the sub-division process.

For further inquiries, stakeholders are encouraged to contact the company directly. The management remains open to addressing any concerns related to the revised capital structure and the implications of the share sub-division.