Karachi: JDW Sugar Mills Limited has been notified about the loss of a share certificate by shareholder Mr. Iqbal Hussain. The lost certificate represents 100 shares, under folio number 343, certificate number 183235, covering distinctive numbers 18322501 to 18322600.
According to information available from the Pakistan Stock Exchange (PSX), the company has received an indemnity from Mr. Hussain regarding the lost certificate. In response, JDW Sugar Mills has initiated the process to issue a duplicate share certificate, contingent upon no claims being made against the lost certificate within seven days from the date of the notification issued by PSX.
This case highlights the procedural steps taken by companies and the PSX to safeguard shareholder interests in the event of lost or misplaced share certificates. Investors are reminded to report such losses promptly to enable timely resolution and to prevent potential misuse of lost securities.