Karachi: WorldCall Telecom Limited (WTL) has announced the submission of a detailed Frequently Asked Questions (FAQs) document addressing shareholder queries regarding its recently sanctioned capital restructuring scheme. This development follows the approval of the capital reduction and share split by the Lahore High Court, which was officially communicated to the Pakistan Stock Exchange Limited on July 31, 2026.

The restructuring involves a two-step process: a 90% reduction in paid-up capital followed by a stock split that transforms each ordinary share into ten shares. According to information available from the Pakistan Stock Exchange (PSX), the corporate maneuver aims to absorb accumulated losses and write off discounts on share capital, thereby stabilizing WTL's balance sheet for future growth.

The company has received numerous inquiries from shareholders and market participants about the implications of these corporate actions. In response, WTL prepared the FAQs document to provide clarity regarding the operational, technical, and financial aspects of the restructuring. This document is intended to promote transparency and improve communication with stakeholders.

Despite the capital restructuring, the number of shares held by shareholders will remain unchanged. For instance, a shareholder with 10,000 shares will see their holdings temporarily reduced to 1,000 shares during the capital reduction phase. However, the subsequent stock split will restore the original count to 10,000 shares.

The company emphasized that the restructuring will not affect voting rights, shareholding percentages, or financial rights. The face value of WTL ordinary shares will decrease from Rs. 10 per share to Rs. 1 per share. Furthermore, the Pakistan Stock Exchange will not adjust the market price ex-price, as the total number of shares remains constant and market valuation per share is unaffected.

WTL clarified that the restructuring is an internal balance sheet reorganization with no issuance of new shares or distribution of assets, and it does not impact creditors or liabilities. Additionally, it was confirmed that GlobalTech Corporation, despite its significant stake, will not receive any preferential treatment under the scheme.

The company stated that the Central Depository Company is processing the restructuring in two phases due to technical and operational limitations, despite the court's approval as a single transaction. Important dates related to the corporate action include the entitlement date and trading suspension date on August 7, 2026, followed by book closure dates on August 8 and 9, 2026.