Lahore: Nishat (Chunian) Limited has reported the loss of multiple share certificates belonging to shareholder Mr. Amjad Javaid Butt, as notified by Hameed Majeed Associates (Pvt.) Limited. The certificates, which cumulatively represent a significant number of shares, were declared lost, prompting a warning to the Pakistan Stock Exchange (PSX) and its members.
According to information available from the Pakistan Stock Exchange (PSX), the lost certificates span several sequential distinctive numbers, each representing 100 shares. These certificates range from numbers 7797101 to 7797600, divided across six separate certificates with serial numbers 77972 through 77976.
The company has issued a notice to PSX members advising against any transactions involving these certificates until further verification. The notice stipulates a seven-day period for any objections to be raised by stakeholders, after which new certificates may be issued to Mr. Butt if no objections are received.
This procedure underscores the stringent measures in place to prevent fraudulent activities involving share certificates and to protect shareholder rights within the regulated framework of the PSX.