Karachi: Systems Limited has officially increased its paid-up capital following the issuance of new shares under its Employees’ Stock Option Scheme (ESOS), 2009. The certification was provided by Junaidy Shoaib Asad Chartered Accountants, confirming that the company has received an aggregate subscription amount of Rs. 111,055,475 against the issuance of 1,602,500 shares.
As detailed in the certification dated October 24, 2025, the issuance of these shares has led to a revision in the company’s paid-up capital. Before the issuance under the ESOS, the company’s issued, subscribed, and paid-up shares amounted to 1,469,442,500, with a face value of Rs. 2 each, totaling Rs. 2.94 billion. The addition of the 1,602,500 shares, each also valued at Rs. 2, has increased the company’s paid-up capital by Rs. 3,205,000, resulting in a new total of 1,471,045,000 shares and a revised capital of Rs. 2.94 billion.
According to information available from the Pakistan Stock Exchange (PSX), this adjustment in capital structure aligns with the standard operating procedures of the Central Depository Company of Pakistan Limited. The issuance of shares and the subsequent increase in capital have been conducted in compliance with the regulatory requirements, as confirmed by the practicing auditors.
No special conditions have been imposed by the Securities and Exchange Commission of Pakistan (SECP) relating to the ESOS, and all necessary requirements for the allotment of shares in the name of the Central Depository Company have been fulfilled by Systems Limited. The company’s management has been tasked with maintaining adequate records of the options granted and ensuring compliance with the aforementioned procedures.
This strategic move reflects Systems Limited’s commitment to enhancing its capital structure while offering growth opportunities to its employees through stock options. The development is expected to influence the company’s market standing within the designated market category.