Karachi: Shemas International (Pvt.) Limited has announced the loss of several share certificates belonging to Mr. Jan Mohammad. The certificates were reported missing, with their loss published in the Daily Nawa-i-Waqat newspaper on August 23, 2024. This notice triggers a 21-day period for objections, after which duplicate certificates may be issued if no disputes arise.

According to information available from the Pakistan Stock Exchange (PSX), the missing certificates are detailed in their respective numbers and distinctive sequences, ranging from certificate number 21826 with distinctive numbers 7171101 to 7171200, through certificate number 101352 with distinctive numbers 137600644 to 137601018. Each certificate represents shares ranging from 100 to 375 in quantity, cumulatively affecting significant holdings of Mr. Mohammad.

Tariq Glass Industries, the company associated with the lost certificates, and Shemas International have advised all certificate holders on the exchange to refrain from transactions involving these documents. The absence of verified transfer deeds accompanying the reported loss raises concerns about potential complications in reissuing these documents.

This incident underscores the critical nature of secure handling and documentation of share certificates within the market ecosystem. The ongoing situation will likely be closely monitored by both the stakeholders and regulatory authorities to prevent any misuse of the lost certificates and ensure the integrity of market transactions.