Karachi: Thatta Cement Company Limited has announced the successful completion of its share sub-division, a move that adjusts the face value of its shares from Rs. 10 to Rs. 2. This follows a special resolution passed by the company's shareholders and the fulfillment of necessary formalities, with the changes taking effect as of the close of business on July 12, 2025.

Shareholders holding physical share certificates are advised to submit their original documents, along with verified transfer deeds if applicable, and a copy of a valid CNIC to the company's Share Registrar, M/s. THK Associates (Pvt.) Limited, in Karachi. This submission is required after July 18, 2025, for the exchange of old certificates with new ones reflecting the revised face value.

The restructuring of Thatta Cement's subscribed and paid-up capital now sees a significant increase in the number of shares. The company's capital, which previously comprised 99,718,125 ordinary shares at Rs. 10 each, now comprises 498,590,625 shares at the revised face value of Rs. 2 each. This change does not affect the rights and privileges associated with the shares.

According to information available from the Pakistan Stock Exchange (PSX), the sub-division of shares is a procedural adjustment and does not influence the core operations or market position of the company. Stakeholders are requested to update their records to align with the new capital structure.

The restructuring reflects a strategic maneuver by Thatta Cement to enhance liquidity and accessibility of its shares in the market, categorizing this adjustment as a very large or significant move in the designated market category.