Sukkur: A significant loss of a share certificate at Engro Powergen Qadirpur Limited was reported on September 16, 2024, impacting shareholder Mr. Ravi Kumar, who resides in Ameena Plaza, Anaj Bazar, Sukkur.
The lost certificate, bearing the numbers from 101947341 to 101947840, corresponds to a total of 500 shares. This event triggers a critical alert within the trading community, particularly among the members of the Pakistan Stock Exchange (PSX), who are advised not to engage with these shares until the matter is resolved.
According to information available from the Pakistan Stock Exchange (PSX), the protocol under such circumstances involves a waiting period of seven days from the announcement for any possible claims or objections. Should there be no contesting claims within this period, Famco Share Registration Services (Pvt) Limited will issue duplicate certificates to Mr. Kumar to safeguard his investment.
This incident highlights the procedural safeguards in place within the financial markets to address the loss of such significant documents, ensuring that the interests of shareholders and the integrity of the market remain protected.