Lahore: WorldCall Telecom Limited has announced a comprehensive restructuring of its share capital, sanctioned by the Lahore High Court, as part of a strategic effort to realign its financial position. The announcement was made on July 28, 2026, with the restructuring having legally taken effect on July 08, 2026, following court approval under Sections 89 to 93 of the Companies Act, 2017.
According to the sanctioned plan, which was outlined in Special Resolutions passed at the company’s 26th Annual General Meeting on April 30, 2026, the restructuring involves a reduction of paid-up ordinary share capital by approximately 90%. This decision was made to cancel the portion of capital that is lost or unrepresented by available assets. Following this reduction, the remaining ordinary shares will be subdivided into ten shares of Re. 1/- each, maintaining the nominal value of the shares as Re. 1/-.
The court-sanctioned restructuring is set to proceed in two sequential steps for operational processing within the Central Depository System (CDS) due to system limitations. The Central Depository Company of Pakistan Limited (CDC) will first implement the capital reduction, followed by the consequential stock split. This operational procedure, however, does not alter the legal character of the restructuring as a single transaction.
The entitlement date for shareholders to participate in the restructuring has been set for August 07, 2026. All trades executed on this date will be settled on a T + 0 basis to ensure accurate reflection of beneficial ownership. Trading of the company's ordinary shares will be suspended on the entitlement date to allow sufficient time for CDC and the National Clearing Company of Pakistan Limited (NCCPL) to complete operational processing.
According to information available from the Pakistan Stock Exchange (PSX), the restructuring will be operationally processed in two stages, ensuring that the legal effectiveness, as sanctioned by the Lahore High Court, remains unaltered. The operational steps are intended to facilitate the execution of the restructuring within the CDS, NCSS, and PSX trading systems.
The company emphasizes that this restructuring is an internal balance-sheet reorganization and does not create or extinguish any economic interest of shareholders. The process, including the treatment of fractional shares, has been designed to comply strictly with the provisions sanctioned by the Lahore High Court, ensuring that no fractional shares are credited within the CDS.
As the process unfolds, WorldCall Telecom Limited remains committed to aligning its capital structure with its underlying financial position, aiming to eliminate accumulated impairments and adjust equity components appropriately.