Karachi: LSE Financial Services Limited (LSEFSL) has announced the successful completion of its share sub-division process, following the passage of special resolutions by its shareholders. The sub-division, conducted under Section 85(1)(c) of the Companies Act, 2017, saw the face value of each share reduced from Rs. 10 to Rs. 1.

The transition, effective as of the close of business on August 28, 2026, ensures that entitled shareholders have received their updated shares in their respective accounts maintained with the Central Depository Company of Pakistan Limited. This strategic move by LSEFSL is part of a broader effort to restructure its equity framework while maintaining the rights and privileges associated with the shares.

The company has noted that shareholders possessing physical share certificates are required to submit their original certificates along with verified transfer deeds, if applicable, to F.D. Registrar Services Limited, located at Suit No. 1705, 17th Floor, Saima Trade Tower - A, I.I. Chundrigar Road, Karachi-74000. This submission must be accompanied by a certified copy of the shareholder's CNIC to facilitate the issuance of new share certificates.

According to information available from the Pakistan Stock Exchange (PSX), the sub-division has resulted in a restructuring of LSEFSL’s subscribed and paid-up capital. The capital, which previously comprised 27,000,000 ordinary shares of Rs. 10 each, is now restructured into 270,000,000 ordinary shares of Rs. 1 each. The reorganization has been executed without altering any rights and privileges attached to the shares.

The company’s revised holdings in CDS accounts were updated at the end of the day on August 29, 2026, in alignment with the Split/Consolidation Entitlement List as of August 28, 2026. This adjustment reflects the company’s current paid-up capital of 270,000,000 securities.