Karachi: Standard Worldwide Limited has announced that its shares are now eligible for book-entry with the Central Depository Company of Pakistan (CDC), following an agreement dated September 2, 2025. The company, formerly known as Standard Insurance Co. Ltd., had previously published a public notice in Daily Dawn on January 11, 2025, advising shareholders to take necessary actions.

The company reiterated the importance for shareholders to open their CDC Investor Accounts and deposit their shares to leverage the benefits of electronic book-entry. According to information available from the Pakistan Stock Exchange (PSX), this development is seen as a significant move to enhance security and efficiency in share management for investors.

Among the advantages highlighted are the elimination of physical risks such as loss, theft, damage, forgery, or duplication of share certificates. The electronic form ensures secure custody and authenticity, minimizing the risk of counterfeit securities. Additionally, the system promises convenience and efficiency with instant ownership transfers, a paperless process, and streamlined management of corporate actions like bonus shares and rights issues.

Investors will also enjoy direct control over their shares, with operations conducted only upon written instructions. The service provides 24/7 access through various digital channels, enhancing investor control and accessibility. Cost-effectiveness is another benefit, as transactions through CDC are free of stamp duty, and the electronic system reduces paperwork and operational expenses.

Other advantages include simplified inheritance processes, reducing disputes in succession cases, and ease of management for non-resident shareholders. Shareholders are encouraged to register their shares promptly to avail themselves of these benefits. For any assistance, shareholders are advised to contact the company directly.