Allied Bank Reports Loss of Share Certificates Belonging to Shareholder

Karachi: Allied Bank Limited has officially reported to the Pakistan Stock Exchange (PSX) the loss of share certificates totaling 17 shares belonging to shareholder Muhammad Bashir Ahmed Chandio. This notification, part of the bank’s compliance and regulatory requirements, underscores the ongoing challenges associated with the physical management of share certificates.

The lost certificates are detailed across two series, with 7 shares listed under certificate number 471390 and an additional 10 shares under certificate number 479218. The distinctive numbers for these shares run from 1041795602 to 1041795608 and from 1041955959 to 1041955968, respectively.

According to information available from the Pakistan Stock Exchange (PSX), Allied Bank has initiated a seven-day objection period. During this time, members of the exchange are advised against dealing with these shares to prevent unauthorized transactions. This measure is crucial for maintaining the integrity of market transactions and safeguarding the interests of shareholders.

Should no objections be raised within this period, the bank will proceed with the issuance of duplicate certificates to Mr. Chandio. This procedure highlights the robust systems in place to address such losses and ensures that the rights and holdings of shareholders are securely managed.

The post Allied Bank Reports Loss of Share Certificates Belonging to Shareholder appeared first on .