Karachi: TPL Insurance Limited has successfully raised Rs. 2.50 million through its Employee Share Option Scheme, according to a certificate issued by GrantThornton. The certificate, dated October 16, 2025, confirms the receipt of the subscription amount against the proposed issue of shares.
The process began with the Board of Directors’ approval on April 27, 2023, for the issuance of shares in the form of an employee share option scheme. The aggregate proceeds were confirmed to have been received on September 12, 2025, with each share having a face value of Rs. 10. This development has increased the company’s paid-up capital from 198,394,462 ordinary shares, amounting to Rs. 1.98 billion, to 198,644,462 shares, totaling Rs. 1.99 billion.
According to information available from the Pakistan Stock Exchange (PSX), the increase in paid-up capital was achieved by issuing 250,000 new shares. This adjustment reflects the continued growth and strategic financial management of TPL Insurance Limited.
The certification by GrantThornton was conducted following the guidelines issued by the Institute of Chartered Accountants of Pakistan. The firm verified the Board of Directors’ approval and confirmed the increase in paid-up capital, ensuring compliance with the requirements set by the Pakistan Stock Exchange Limited.
This certificate is intended for submission to the Pakistan Stock Exchange and is not to be distributed further without prior consent from GrantThornton.