Lahore: WorldCall Telecom Limited has initiated a significant restructuring of its share capital, sanctioned by the Lahore High Court. This development follows a court order dated July 8, 2026, which approved a comprehensive restructuring plan for the company’s share capital. The plan, approved by the shareholders at the 26th Annual General Meeting on April 30, 2026, involves a reduction of the paid-up ordinary share capital, a reclassification of the authorized share capital, and a consequential stock split.

The restructuring is part of an integrated capital recapitalization exercise, with each component forming an inseparable part of the process. The Lahore High Court's order confirmed the special resolutions passed by the shareholders, ensuring the legal framework for the capital reduction and stock split under Sections 89 to 93 of the Companies Act, 2017.

The restructuring process faces operational limitations within the Central Depository Company's system, necessitating a two-step implementation approach. According to information available from the Pakistan Stock Exchange (PSX), the restructuring cannot be executed as a single operational event owing to these limitations. Consequently, the Central Depository Company has advised that the process be divided into two sequential steps: first, implementing the court-sanctioned capital reduction, followed by the consequential stock split.

WorldCall Telecom Limited emphasizes that this two-step approach is purely operational and does not alter the legal character of the restructuring as a single, court-sanctioned transaction. The company has requested the cooperation of the Central Depository Company, the Pakistan Stock Exchange, and the National Clearing Company of Pakistan Limited in executing the restructuring according to the outlined operational procedure and timetable.

The revised book closure dates for this restructuring have been set for August 8, 2026, to August 9, 2026. These dates replace the previously announced dates, ensuring that stakeholders are informed and prepared for the upcoming changes.

This restructuring marks a pivotal moment for WorldCall Telecom Limited as it endeavors to enhance its financial standing and operational efficiency within the designated market category.