Lahore: LSE Ventures Limited has announced an addendum to the agenda for its upcoming Extraordinary General Meeting (EOGM), scheduled for August 16, 2025. The meeting will be held at 09:00 a.m. at the auditorium of the Exchange Hub, LSE Plaza, Lahore. This addendum follows a proposal from a shareholder holding more than 5% of the company's shares, who has suggested several special resolutions under Section 140(2) of the Companies Act, 2017.

The proposed resolutions, which have been added to the agenda as Item No. 3, include a significant move to approve a stock split. This stock split involves reducing the par value of each share from Rs. 10.00 to Rs. 5.00. This resolution, if passed, would alter the authorized capital of LSE Ventures Limited from 300 million ordinary shares to 600 million shares, maintaining the overall capital at Rs. 3.00 billion.

According to information available from the Pakistan Stock Exchange (PSX), such a corporate action could influence the trading dynamics of the shares on the market. The resolutions also authorize the Company Secretary to amend the Memorandum of Association and Articles of Association to reflect the proposed changes. Additionally, the Board of Directors is empowered to set entitlement and book closure dates to facilitate the stock split.

These resolutions are crucial for the restructuring of the company's capital and require shareholder approval during the meeting. The proposed changes are expected to impact the company's share distribution significantly, pending the outcomes of the EOGM.