Lahore: Waves Home Appliances Limited has announced the dispatch of the Intimation Letter for crediting unpaid rights into Central Depository System (CDS) accounts and the Offer Letter for physical shareholders. This notification, dated September 1, 2026, comes as part of the company's compliance with Section 83(3) of the Companies Act, 2017, and Schedule-I of the Companies (Further Issue of Share) Regulations, 2020.

The notification was made public through advertisements in the 'Daily Times' and 'Daily Asas.' Shareholders are informed that unpaid rights have been credited into their respective CDS accounts at a ratio of 56 shares for every 100 ordinary shares held, as of the close of business on August 31, 2026. According to information available from the Pakistan Stock Exchange (PSX), the trading of these unpaid rights commenced on August 31, 2026, with the last trading date scheduled for September 14, 2026.

Shareholders are advised to note key dates, including the last date for initiating a deposit request on September 4, 2026, and the final date for subscription requests and payments on September 21, 2026. The tentative date for crediting shares against paid rights is set for October 5, 2026.

Waves Home Appliances Limited has designated Bank Makramah Limited for processing payments related to the rights issue. Shareholders can make payments through various methods, including cash, cheque, pay order, demand draft, or bank transfer. The company has also introduced an online payment facility through 1 Link, allowing investors to make payments via internet banking, Automated Teller Machines (ATMs), and mobile banking.

Non-Resident Pakistanis and foreign shareholders are required to send a demand draft in Pakistani Rupees to the company secretary, along with a certified copy of NICOP or passport, before the last payment date. All cheques and drafts must be drawn on a bank located in the same city as the Right Subscription Request deposit.

For shareholders holding physical shares, the CDC Applicable Rights Shares Procedures allow for the conversion of their Letter of Rights into book-entry form. The physical shareholder can also renounce their Letter of Rights by depositing it into a CDS Investor Account or Sub-Account.

The company emphasizes the importance of adhering to the specified procedures and deadlines to ensure successful participation in the rights issue.