Karachi: SFL Limited has reported the loss of two share certificates belonging to a deceased shareholder, Syeda Zishan Zehra. The notification was issued following the procedures outlined by the Pakistan Stock Exchange (PSX), confirming the loss on July 12, 2024.

The missing certificates include one for 703 shares, with the distinctive number range from 16903078 to 16903780, and another for 14 shares, between the numbers 20045505 and 20045518. Both certificates are associated with folio number 403, as detailed in the communication from THK Associates (Private) Limited, the registrar handling SFL's share registry services.

According to information available from the Pakistan Stock Exchange (PSX), the firm has instructed members of the exchange to refrain from any transactions involving these certificates unless they receive objections or claims against the issuance of duplicates within seven days of this notice. The action is a standard procedure to mitigate any potential misuse of the lost documents and to safeguard the interests of the shareholder’s heirs.

The loss of share certificates can pose significant challenges for both the shareholders and the issuing companies, as it involves critical verification processes and potential risks of fraudulent claims. The swift issuance of duplicate certificates is contingent on no claims being raised during the stipulated period, ensuring that the legal heirs, in this case, can secure their rightful ownership without undue delay.