Shares Reported Lost in Engro Corporation Limited

Karachi: Notice has been issued by FAMCO Share Registration Services on behalf of Engro Corporation Limited regarding the loss of multiple share certificates. The notification was posted to the Pakistan Stock Exchange on October 7, 2024, alerting market participants and stakeholders of the incident.

According to information available from the Pakistan Stock Exchange (PSX), the lost certificates represent a total of 2,774 shares, with individual certificates ranging from 100 to 500 shares each. The certificates, numbered distinctly across 11 sequences, were reported by Mr. Rahim Kassamali of Islamabad, who holds all the shares in question. Mr. Kassamali's address was provided as House No. 499, Street No. 52, Sector G-9/1, Islamabad.

The specific share certificates reported lost include numbers from 1485718 to 15628252 across several sequences, indicating a broad spectrum of issuance dates and denominations. FAMCO has advised against any trading or dealings with these certificates and has initiated the process for issuing duplicate certificates pending no objections within three days of the notice’s publication.

This incident underscores the importance of stringent measures to safeguard physical share certificates, which represent significant financial assets. The timely report to PSX helps prevent potential fraudulent activities involving these certificates.