Ghani Glass Shareholder Reports Loss of Share Certificates

Karachi: A shareholder of Ghani Glass Limited has reported the loss of two share certificates collectively covering 367 shares, prompting the company to prepare for the issuance of duplicates, pending the expiration of a notice period.

Firdoos Jahan, the shareholder in question, holds shares under Folio No. 1328, with the lost certificates numbered 166955 and 183669. The shares are specified by distinctive numbers ranging from 30454089 to 30454130 and 855600946 to 855601270. This incident has led to an indemnity being received by Ghani Glass Limited from Jahan, a standard procedure in cases of reported share certificate losses.

According to information available from the Pakistan Stock Exchange (PSX), such losses require the company to issue a notice period of 77 days during which any claims related to the certificates can be filed. If no claims are presented within this period, duplicate certificates will be issued to the shareholder.

The loss of share certificates is a significant concern for shareholders and companies alike as it poses risks related to security and proper record-keeping. This procedural response by Ghani Glass Limited highlights the measures taken within the regulatory framework to safeguard shareholder interests and ensure the integrity of shareholding records.

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