Karachi: LSE Financial Services Limited (LSEFSL) has announced a revised Entitlement Date for the distribution of shares under its approved Scheme of Compromises, Arrangement, and Reconstruction, following a court-sanctioned arrangement with Digital Custodian Company Limited (DCCL) and LSE Capital Limited (LSECL). The Entitlement Date is now set for November 7, 2025, with the Book Closure scheduled for November 8, 2025. The announcement was made in a notice issued on November 4, 2025.

The revision comes after a series of procedural adjustments following an order by the Lahore High Court on October 13, 2025. The court's decision, under C.O No. 75382/2025, facilitated the transfer of designated assets and liabilities and the reconstruction of share capital and reserves among the involved entities, LSEFSL and DCCL.

The approved Scheme outlines a detailed distribution plan for LSECL shares among the shareholders of LSEFSL, DCCL, and LSECL itself. LSEFSL shareholders are to receive 375.86 shares per 1,000 shares owned, while DCCL shareholders will receive 386.73 shares per 1,000 shares held. Meanwhile, shareholders of LSECL will be allotted 34.75 shares per 1,000 shares they own. The distribution of LSEFSL shares to DCCL shareholders is set at 25.17 shares per 1,000 shares.

The Scheme also includes a significant capital restructuring. LSEFSL's authorized share capital will decrease from 111.90 million to 42.90 million shares, with issued, subscribed, and paid-up capital reducing to 27.00 million shares. DCCL will see its authorized share capital increase to 129.00 million shares, with issued, subscribed, and paid-up capital adjusted to 40.00 million shares. The capital reduction percentages are recorded at 24.32% for LSEFSL and 23.47% for DCCL, marking a very large or significant move in capital restructuring.

According to information available from the Pakistan Stock Exchange (PSX), the transfer of liabilities from DCCL to LSEFSL is valued at Rs. 37.82 million. This adjustment is part of the broader restructuring strategy approved by the court.

The companies involved have observed multiple "Closed Periods" to ensure compliance with PSX regulations, preventing any trading activities by insiders during crucial phases of the process. The current Closed Period for LSEFSL is from November 4 to November 7, 2025.

The revised Entitlement Date and Book Closure are crucial for shareholders aiming to secure their positions under the new Scheme. The companies have coordinated their efforts to ensure a uniform Entitlement Date across all entities, facilitating a seamless transition for shareholders involved in the distribution process.