Karachi: In a recent notification to the Pakistan Stock Exchange Limited, CorpLink, a share registrar and corporate consultancy firm, reported a significant loss of share certificates by a shareholder of Highnoon Laboratories Limited. The affected shareholder, Mr. Nasir Ali, has claimed the loss of precisely 1,240 shares. The event was formally recorded on October 10, 2024.

According to the document issued by CorpLink, Mr. Nasir Ali reported the loss of sixteen distinct certificates, totaling 1,240 shares. These certificates cover a range of numbers with the most significant single certificate representing 300 shares. Each lost certificate is uniquely identified by specific numbers which are now logged with the Pakistan Stock Exchange as part of standard regulatory procedures.

According to information available from the Pakistan Stock Exchange (PSX), a notice has been issued regarding this loss. The shareholders and market participants have been alerted through an official circular, which details the certificates' distinctive numbers and highlights the importance of monitoring such incidents to maintain market integrity.

CorpLink has indicated that if no claim is made against the lost certificates within seven days from the notification date, duplicate certificates will be issued to Mr. Nasir Ali to mitigate the loss. This step ensures that shareholder rights are preserved while also safeguarding the trading integrity of Highnoon Laboratories Limited shares.

This incident underscores the necessity for shareholders to maintain secure records of their stock certificates, as losses can pose significant administrative challenges and potential market disturbances.