Lahore: WorldCall Telecom Limited has announced the implementation of an integrated capital restructuring plan, as sanctioned by the Hon'ble Lahore High Court, Lahore. This restructuring involves a significant reduction of the company's paid-up ordinary share capital, a consequential stock split, and alterations to the authorized share capital, all operationalized through a coordinated effort with the Central Depository Company of Pakistan Limited (CDC), National Clearing Company of Pakistan Limited (NCCPL), and the Pakistan Stock Exchange (PSX).
On July 08, 2026, the Lahore High Court sanctioned the restructuring plan, confirming the special resolutions passed by the company's shareholders at the 26th Annual General Meeting held on April 30, 2026. The plan aims to realign WorldCall Telecom's capital structure with its financial position by eliminating accumulated impairments in its paid-up share capital.
The restructuring process involves two main components: a reduction of the paid-up ordinary share capital by approximately 90%, followed by a stock split that subdivides each remaining ordinary share into ten shares with a nominal value of Re. 1 each. According to information available from the Pakistan Stock Exchange (PSX), the operational implementation of this restructuring will occur in two sequential steps due to the limitations of the Central Depository System (CDS).
The operational timetable has been set, with July 30, 2026, designated as the Entitlement Date to determine shareholder eligibility for the restructuring benefits. Trading in the company's shares will be suspended on July 31, 2026, to facilitate the process, with book closures scheduled from July 31, 2026, to August 02, 2026.
The restructuring process, while operationally divided into two steps, is legally a single, integrated transaction. The first step is the capital reduction, followed by the stock split, with both stages intended to reflect the company's actual financial standing without affecting the legal effective date of the restructuring, which is July 08, 2026.
As part of the restructuring, WorldCall Telecom's authorized share capital will be altered to Rs. 21 billion, divided into 19.8 billion ordinary shares of Re. 1 each, alongside 100,000 preference shares.
The company has requested that no ex-price adjustments be made due to the operational sequencing of the restructuring, underscoring that the process does not involve the issuance of new securities or any asset distribution among shareholders. This restructuring is a balance-sheet reorganization and does not create new economic interests or extinguish existing ones.
WorldCall Telecom, along with CDC, NCCPL, and PSX, is working to ensure that all necessary operational, regulatory, and administrative actions are completed to give full effect to the court's order and the shareholders' resolutions.