Lahore: Highnoon Laboratories Limited has announced the receipt of an indemnity from shareholder Malik Muhammad Ashraf, who has reported the loss of ten share certificates covering a total of 1,561 shares. The notification, issued on October 20, 2023, outlines the details of the missing share certificates, including the distinctive numbers and holdings associated with each.

The breakdown of the lost share certificates is as follows: Malik Muhammad Ashraf, under folio number 3338, has reported the following certificate numbers as missing: 94121 with 84 shares, 105633 with 81 shares, 107283 with 102 shares, 108880 with 114 shares, 111968 with 141 shares, 114874 with 152 shares, 116272 with 167 shares, 117673 with 184 shares, 119094 with 202 shares, and 120460 with 334 shares. The total number of lost shares amounts to 1,561.

In compliance with the market regulations, Highnoon Laboratories Limited has communicated that if no claim is received within seven days of the circular issued by the Pakistan Stock Exchange, duplicate share certificates will be issued. According to information available from the Pakistan Stock Exchange (PSX), this procedure ensures that all stakeholders are duly informed and have the opportunity to contest any discrepancies within the stipulated time frame.

The designated market category for Highnoon Laboratories Limited is the pharmaceutical industry, where accurate record-keeping and shareholder communication are critical. The company has assured stakeholders that all necessary measures are being taken to resolve the issue promptly and transparently.