Karachi: LSE Financial Services Limited has announced the submission of an auditor's certificate verifying the receipt of subscription funds from its directors and substantial shareholders in relation to a recent right issue of shares. The announcement follows a letter issued on October 14, 2026, indicating the company's intention to secure these funds.

The auditor's certificate, dated October 16, 2026, confirms that the subscription money has been successfully collected, amounting to Rs 45,155,847. This financial verification is part of the company's compliance process and is intended for submission to the Pakistan Stock Exchange (PSX).

The certificate outlines the procedural steps taken to confirm the receipt of funds, such as reviewing Board resolutions, PSX approval letters, and relevant bank statements. According to information available from the Pakistan Stock Exchange (PSX), the funds were deposited into the designated account at MCB Bank Limited.

The involved parties, including LSE Ventures Limited and several individual shareholders, subscribed to the exact number of right shares they were entitled to. LSE Ventures Limited, holding the majority, subscribed to 45,152,878 right shares, while individual shareholders such as Sohail Ahmed Awan, Aasiya Riaz, and others subscribed to smaller quantities.

The confirmation of funds is crucial for LSE Financial Services Limited as it adheres to the guidelines set by the Institute of Chartered Accountants of Pakistan for issuing such certificates. This process ensures transparency and compliance with the designated market category regulations.