Karachi: A notice was issued to the General Manager of the Pakistan Stock Exchange on October 7, 2024, informing about the loss of share certificates belonging to Mr. Muhammad Azhar Muhammad Usman, a shareholder of Gul Ahmed Textile Mills Limited. The certificates represent a total of 1,015 shares across multiple distinctive numbers and were reported missing on October 10, 2024.
According to the document filed by Famco Share Registration Services, the lost certificates include four distinctive number sequences with varying share amounts. These are 100 shares each under certificate numbers 320756 and 320757, 300 shares under certificate number 320758, 101 shares under number 320759, and 414 shares under number 329310.
According to information available from the Pakistan Stock Exchange (PSX), Famco has advised all market participants not to engage in transactions involving these shares until duplicates are issued. This caution aims to prevent any unauthorized dealing of these shares during the interim period. The formal notice includes an appeal for circulation among the members of the Exchange to ensure compliance and maintain market integrity.
The process for issuing duplicate certificates is set to begin following the publication of the notification in several key financial dailies, as per the standard regulatory procedures to address such incidents in the securities market.