Lahore: Waves Home Appliances Limited has announced that its Letter of Rights has been declared a Central Depository System (CDS) eligible security by the Central Depository Company of Pakistan Limited (CDC), effective August 25, 2026. This marks a significant step for the company in enhancing the accessibility and management of its securities for shareholders.

According to information available from the Pakistan Stock Exchange (PSX), the declaration follows a formal notice issued by the CDC, which confirms the eligibility of Waves Home Appliances Limited's Right Entitlements under Regulation 8AA.2.2. This development applies to the offer of new securities through a rights issue to existing holders of ordinary shares.

The CDC's notification, dated August 24, 2026, requires Waves Home Appliances Limited to comply with the procedures established by the CDC to facilitate the smooth integration of these Right Entitlements into the CDS. The company must coordinate with relevant officials to ensure all necessary arrangements are made.

The designation of the Letter of Rights as CDS eligible furthers the company's ability to streamline the management of its securities, thereby enhancing shareholder value and operational efficiency.