Lahore: LSE Ventures Limited has announced an addendum to the notice of its forthcoming Extraordinary General Meeting (EOGM), scheduled for August 16, 2025, at 9:00 a.m. The meeting, to be held at the Exchange Hub's auditorium in LSE Plaza, Lahore, comes in response to a request from a shareholder holding over 5% of the company's shares.

The primary agenda at the EOGM will include the consideration of a proposed stock split, which was added as a special business item in light of the shareholder's proposal. The resolution seeks to reduce the par value of the company's shares from Rs. 10.00 to Rs. 5.00, effectively doubling the number of ordinary shares from 300 million to 600 million, while maintaining the authorized capital at Rs. 3.00 billion.

According to information available from the Pakistan Stock Exchange (PSX), the proposed stock split requires the passage of a special resolution under Section 134(3) of the Companies Act, 2017. The approval would authorize the company secretary to amend the Memorandum and Articles of Association to reflect the subdivision of authorized capital, and the Board of Directors would determine the necessary entitlement and book closure dates for implementing the stock split.

The proposal also includes a resolution to replace Clause V of the Memorandum of Association, ensuring it aligns with the new structure of 600 million ordinary shares at Rs. 5.00 each. The company secretary is further empowered to execute all necessary legal and corporate actions to comply with the requirements set forth by the Securities and Exchange Commission of Pakistan.

This development is expected to be a moderate move in the market, reflecting LSE Ventures' strategic efforts to enhance shareholder value and improve stock liquidity. The resolutions and material facts have been duly annexed to the notice of the meeting, as stipulated by the Companies Act.