Kot Addu Power Shareholder Reports Loss of 500 Shares

Karachi: A shareholder of Kot Addu Power Company Limited has reported the loss of a share certificate containing 500 shares, a significant financial document. The announcement was made to the Pakistan Stock Exchange (PSX) on October 21, 2024, detailing the loss reported by Riaz Masih, a resident of Landhi, Karachi.

The lost certificate, numbered 35573, encompasses distinctive numbers from 106039323 to 106039822. Following this incident, the company has issued a warning to all members of the stock exchange, advising them to refrain from dealing with these shares to prevent any unauthorized transactions.

According to information available from the Pakistan Stock Exchange (PSX), there is now a mandatory 07-day period during which the exchange members are expected not to transact in the lost shares. This precaution is designed to maintain market integrity and protect the shareholder’s interests while preventing potential fraud.

Should there be no objections or claims regarding these shares within the specified period, Kot Addu Power Company Limited will proceed with issuing duplicate share certificates to Mr. Masih. This measure ensures that the shareholder’s rights are preserved and underscores the importance of prompt reporting and rigorous regulatory compliance in handling such situations.

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