Karachi: Croplink (Pvt.) LTD., in a statement dated June 5, 2025, announced that it has received indemnity submissions from two shareholders concerning the loss of multiple share certificates belonging to Waves Corporation Limited. The incident involves a total of 2,388 shares, collectively reported by the shareholders Mrs. Nasreen Karim and S. Wasim Abbas Shah.

The first case involves Mrs. Nasreen Karim, who reported the loss of seven share certificates under Folio # 3071. These certificates account for a total of 1,878 shares, with specific details as follows: Certificate Nos. 13768-13771, covering distinctive numbers 3705560-3705952, represent 393 shares; Certificate No. 43165, covering distinctive numbers 37557162-37557464, account for 303 shares; Certificate No. 778504, covering distinctive numbers 141883879-141884428, represent 550 shares; and Certificate No. 778857, covering distinctive numbers 163165452-163166083, account for 632 shares.

In a separate case, S. Wasim Abbas Shah reported the loss of six share certificates under Folio # 3317, covering a total of 510 shares. The details are as follows: Certificate Nos. 30288-30292 and 509206, covering distinctive numbers 45457301-45457800, represent 500 shares; while Certificate No. 62157291-62157300 represents 10 shares.

According to information available from the Pakistan Stock Exchange (PSX), the transfer deeds for both cases remain unverified. The company has stated that if no claims are received within seven days from the issuance of the circular by the PSX, duplicate share certificates will be issued to the concerned shareholders. This development is being closely monitored within the designated market category.