Lahore: Service Industries Limited's shareholders have endorsed a significant change in the structure of the company's shares during an Extraordinary General Meeting held on August 04, 2026. The meeting resulted in the approval of a special resolution to sub-divide the face value of the company's shares from Rs. 10/- to Rs. 1/- each.

The resolution was passed under Section 85(1)(c) of the Companies Act, 2017, in conjunction with Article 24(b) of the Company's Articles of Association. This decision entails that each existing ordinary share will now be subdivided into ten ordinary shares of Rs. 1/- each, with no alterations to the rights and privileges associated with the shares.

According to information available from the Pakistan Stock Exchange (PSX), the change affects both the authorized and the issued and paid-up capital of the company. The authorized share capital will remain at Rs. 1,000,000,000, now divided into 1,000,000,000 ordinary shares of Rs. 1/- each. Similarly, the issued and paid-up capital is adjusted from 46,987,454 ordinary shares of Rs. 10/- each to 469,874,540 ordinary shares of Rs. 1/- each, maintaining the total paid-up capital at Rs. 469,874,540.

In light of this amendment, the existing Clause V of the Memorandum of Association and Part III of the Articles of Association of Service Industries Limited have been revised to reflect the updated capital structure. The company retains the ability to alter its capital as stipulated in the Companies Ordinance, 1984.

This development is a notable move within the designated market category, reflecting Service Industries Limited's strategic steps to enhance its shareholding framework.