Ghariwal Cement Shareholder Reports Loss of Share Certificate

Karachi: A shareholder of Ghariwal Cement Limited has officially reported the loss of a share certificate covering fifteen shares, according to a recent notice issued by the company. The lost certificate, under Folio No. 2489, was reported by M/s Mohammad Amin Bros., Private Ltd., signaling potential issues of share security and management.

The company has received an indemnity from the shareholder concerning the lost share certificate, numbered 23780, covering shares with distinctive numbers from 2308316 to 2308330. In response, Ghariwal Cement Limited has outlined a procedure whereby duplicate share certificates will be issued if no claim surfaces within 77 days from the date of the notice.

According to information available from the Pakistan Stock Exchange (PSX), the loss of share certificates poses significant administrative challenges and potential security risks for both shareholders and the company. It highlights the importance of stringent record-keeping and timely reporting of such losses to mitigate any adverse effects.

The protocol set by the company stipulates a waiting period intended to ensure that no conflicting claims arise before issuing duplicates, safeguarding the interests of the shareholder and the company’s share registry integrity. The situation underscores the need for shareholders to maintain secure records and report any discrepancies to the relevant authorities promptly.

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