Karachi: Pakistan Oxygen Limited (PAKOXY) has officially notified the Pakistan Stock Exchange (PSX) of the loss of several share certificates belonging to deceased shareholder Bilal A Sattar, as outlined in a formal communication dated October 09, 2024. This notification was confirmed by CDC Share Registrar Services Limited.

According to the details provided, the lost certificates represent a total of 494 shares across three scrip numbers. The certificates affected are 193290, 194120, and 194888, with the specific share distribution as follows: 124 shares from 25231637 to 25231760, 129 shares from 39256127 to 39256255, and 241 shares from 58849293 to 58849533.

The notice has triggered a precautionary advisory from CDC Share Registrar Services, urging market participants to refrain from transactions involving these certificates. According to information available from the Pakistan Stock Exchange (PSX), the registrar has stipulated a seven-day period for objections to be raised, after which new certificates may be issued if no challenges are presented.

This situation poses significant implications for the trading and ownership verification of PAKOXY's shares, emphasizing the need for stringent security measures in the handling and documentation of share certificates. The stock exchange and the registrar are closely monitoring the situation to mitigate any potential financial discrepancies or fraudulent activities linked to this incident.