Lahore: Service Industries Limited has announced a significant restructuring of its share capital and a forthcoming Extraordinary General Meeting (EOGM), according to a report dated June 29, 2026. The Board of Directors of the company, in a meeting held on the same date, has approved a sub-division of the face value of its shares from Rs. 10 per share to Rs. 1 per share. This decision effectively increases the number of ordinary shares by a factor of ten for every existing share, as outlined under Section 85(1)(c) of the Companies Act, 2017.

The company also plans to amend the relevant clauses of its Memorandum of Association and Articles of Association to accommodate this change. The amendments reflect the newly proposed sub-division of shares, which will be a key agenda item at the EOGM. The meeting is scheduled to take place on August 04, 2026, at Shalimar Tower Hotel, adjacent to Servis House, 2-Main Gulberg, Lahore.

Service Industries Limited has arranged for the closure of its Share Transfer Books from July 29, 2026, to August 04, 2026. Transfers submitted to the share registrar office, M/s. Corplink (Private) Limited, Wings Arcade, 1-K, Commercial, Model Town, Lahore, by the close of business on July 28, 2026, will be eligible for participation and voting rights at the EOGM.

According to information available from the Pakistan Stock Exchange (PSX), the sub-division of shares is a strategic move aimed at enhancing the liquidity and attractiveness of the company's stock in the market.

Service Industries Limited, headquartered at Servis House, 2-Main Gulberg, Lahore, has outlined these changes in a disclosure form submitted in compliance with the Securities Act, 2015, and the Rule Book of Pakistan Stock Exchange Limited. The notice for the EOGM is expected to be issued soon, providing shareholders with the opportunity to deliberate on the proposed changes.