Karachi: Kot Addu Power Company Limited has issued a notice through the Pakistan Stock Exchange (PSX) regarding the loss of a share certificate by shareholder Zafar Iqbal Khokhar, reported on October 14, 2024. The certificate represented a total of 500 shares under folio number 181851, highlighting an issue of significant concern regarding the safeguarding of physical share certificates.
The certificate with the number 181851, covering distinctive numbers from 17917823 to 17917822, was reported lost by Mr. Khokhar, who resides in Lahore. Following the report, the company has advised all members of the exchange to refrain from dealing in these shares to prevent any unauthorized transactions.
According to information available from the Pakistan Stock Exchange (PSX), there is a standard 07-day objection period wherein if no claims against the lost shares are received, the company will proceed with issuing duplicate certificates to the shareholder. This protocol is part of the regulatory measures designed to protect shareholders and maintain trust in the integrity of the market transactions.
Such incidents underscore the ongoing challenges and the critical need for enhanced security measures in the management and handling of share certificates in the Pakistani market.
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