Karachi: Ghandhara Tyre and Rubber Company Limited, formerly known as The General Tyre and Rubber Company of Pakistan Limited, has reported a significant loss of share certificates belonging to the deceased shareholder, Tahira Sultana. The lost shares total approximately 33,970, as notified to the Pakistan Stock Exchange (PSX).

The certificates range across multiple folios, with the largest single loss being 15,500 shares under folio 43212. Other significant numbers include 2,100 shares from folio 16871 and another block of 15,618 shares from folio 183361. The certificates cover a variety of distinctive numbers, indicating a widespread issue involving several certificate series.

According to information available from the Pakistan Stock Exchange (PSX), the company has issued an advisory to all members of the exchange, instructing them not to deal with these shares. There is a seven-day window during which objections or claims regarding the lost certificates can be filed. If no objections are raised, the company will proceed to issue duplicate certificates to address the shareholder's holdings.

This incident underlines the importance of secure handling and documentation of share certificates, particularly in large quantities, to prevent potential losses and ensure shareholder equity is maintained securely and transparently.