Karachi: A substantial loss of share certificates has been reported by Shell Pakistan Limited concerning Mr. Deewan Muhammad Hamza Farooqui, a resident of Clifton, Karachi. The announcement, made on September 19, 2024, details the loss of certificates representing a significant quantity of shares, totaling 2.29 million across multiple folios.

Mr. Farooqui’s lost share certificates span an extensive range of distinctive numbers, including folios from 2997551 to 8514334, which correspond to various certificate numbers indicating holdings of 50 to 100 shares each. These losses encompass several blocks of shares across two separate filings by the company.

According to information available from the Pakistan Stock Exchange (PSX), a notice has been circulated amongst the exchange members, advising them to refrain from any transactions involving these certificates. Shell Pakistan Limited has stipulated a period of seven days following the notice's publication during which any objections to the issuance of duplicate certificates can be submitted. Should no objections arise, duplicates will be issued to Mr. Farooqui to rectify the situation.

This protocol is a part of the regulatory measures enforced by the PSX to ensure market stability and protect investor rights in instances of lost or misplaced share certificates.