Karachi: Intermarket Securities Limited has announced a significant corporate action following the approval of a special resolution at its Annual General Meeting on April 28, 2025. The company will alter the face value of its ordinary shares from Rupees Ten (Rs. 10) to Rupee One (Re. 1). This adjustment results in each existing share being subdivided into ten ordinary shares, maintaining all existing rights and privileges.

The share transfer books of Intermarket Securities Limited will be closed on Saturday, June 14, 2025, to determine eligibility for the new subdivided shares. The company has instructed that transfers received in good order at the office of its Share Registrar in Karachi by the close of business on June 13, 2025, will qualify for entitlement.

According to information available from the Pakistan Stock Exchange (PSX), trading of the company's shares is scheduled to resume on June 16, 2025, contingent on the completion of requisite formalities and compliance measures. The financial community is closely observing this development within the designated market category, as it reflects the company's strategic financial restructuring efforts.

Shareholders with physical share certificates must present their original certificates, accompanied by verified transfer deeds if applicable, to the company's Share Registrar in Karachi after June 13, 2025. Additionally, a certified copy of the holder's CNIC is required for processing the exchange for new share certificates.

The notice of the book closure has also been published in The Nation and Nawa-e-Waqt on May 30, 2025, to ensure that shareholders and relevant stakeholders are informed of the upcoming changes.