Karachi: LSE Financial Services Limited (LSEFSL) has declared a substantial right issue of 58.89% at Rs. 01 per share, effective as per the letter dated October 2, 2026, from the company. This move, which involves adherence to Central Depository Company (CDC) and Pakistan Stock Exchange (PSX) regulations, also introduces an online payment facility for investors, providing new avenues for stakeholders in managing their investments.

The right issue process is set to follow a specific schedule, beginning with the book closure slated for October 8, 2026. The unpaid rights will be credited into the Central Depository System (CDS) in a book-entry form the following day, October 9, 2026. Trading of unpaid rights on the securities exchange is scheduled to commence on October 12, 2026, with the final date for trading letters of rights being October 26, 2026. The final acceptance and payment of shares in both CDC and physical form are due by November 2, 2026.

According to information available from the Pakistan Stock Exchange (PSX), LSEFSL's initiative is enhanced with the introduction of an online payment facility through 1Link for rights subscription. This development allows Investor Account Holders and Sub Account Holders to make payments via internet banking, Automated Teller Machines (ATM), and mobile banking through 1Link's member banks. The payment for unpaid right letters can also be made via cash, crossed cheque, demand draft, or pay order, directed to the credit of the "LSE Financial Services Limited Right Subscription Account" at MCB Bank Limited.

For shareholders holding physical shares, the procedure allows the renouncement of Letters of Rights into their CDC investor or sub-accounts and facilitates the credit of right shares in a book-entry form. This includes a comprehensive schedule for the dispatch and trading of rights, culminating in the allotment of shares and credit of book entry into the CDC on November 17, 2026.

LSE Financial Services Limited has requested approval for the letter of intimation and associated documents as per the Companies (Further Issue of Shares) Regulations, 2020. The company aims to streamline investor engagement through the new schedule and payment methods, marking a significant step in the market's operational dynamics.