Karachi: LSE Ventures Limited has announced important details regarding the issuance of 5% bonus shares, as approved by shareholders during the company's Annual General Meeting on October 28, 2026. The notice to shareholders, dated November 13, 2026, highlights the obligation to pay withholding tax on these bonus shares, as per the company's board recommendation.

In a communication dispatched on November 11, 2026, by the company's Share Registrar, F.D. Registrar Services (Pvt.) Limited, shareholders were informed of the withholding tax liability applicable under Section 236Z of the Income Tax Ordinance, 2001. The applicable rates are set at 10% for filers and 20% for non-filers.

Shareholders are required to deposit the withholding tax in LSE Ventures Limited's designated bank account at MCB Bank Limited. The account details were specified in the notice, emphasizing the importance of making the payment by the deadline of November 26, 2026. Shareholders must also submit documentary evidence of tax payment, along with identification and shareholder account details, to ensure timely verification and processing of their bonus share entitlement.

According to information available from the Pakistan Stock Exchange (PSX), the company has reiterated the consequences of non-compliance with the requirements. Failure to pay the withholding tax or provide necessary documentation by the specified date may result in delays in receiving the bonus shares. Furthermore, under subsection (5) of Section 236Z of the Income Tax Ordinance, 2001, the company is authorized to dispose of bonus shares if the tax is not paid within fifteen days, affecting shareholders who neglect to fulfill their obligations.

This notice serves as a reminder for shareholders to adhere to the outlined procedures to avoid inconvenience and ensure the seamless credit of their bonus shares.