Kot Addu Power Company Shareholder Reports Loss of 500 Shares

Karachi: Kot Addu Power Company Limited has reported the loss of a share certificate representing 500 shares owned by shareholder Saba Gul, as per a notice issued to the Pakistan Stock Exchange (PSX) on October 21, 2024. The lost certificate, detailed under folio number 93570, contains shares with distinctive numbers from 135037823 to 135038322.

The shareholder, residing at House # R-90, Al-Noor Society Block-1, FB Area, Karachi, has officially notified the loss, triggering a protocol to prevent unauthorized trading of these shares. According to information available from the Pakistan Stock Exchange (PSX), the company has initiated a precautionary period of 07 days during which other market participants are advised not to deal in the shares specified in the lost certificate.

This regulatory measure is crucial for maintaining the integrity of the market and protecting the interests of the shareholder. It is standard practice to issue a warning to the exchange members to ensure that no transactions involve the lost shares during the notice period. If no objections are raised within this timeframe, duplicate certificates will be issued to Saba Gul to rectify the situation and secure her holdings.

Such incidents highlight the importance of safeguarding physical certificates and the efficiency of regulatory frameworks in promptly addressing potential disruptions in the stock market caused by the loss of such documents.

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