Islamabad, Feb 18: Arif Habib Corporation Limited (PSX: AHCL) has revealed plans for a stock split, reducing the nominal value of its shares from Rs. 10 to Re. 1. This move is aimed at enhancing market liquidity and improving accessibility for investors.
The company’s current subscribed and paid-up capital, comprising 421.7 million shares with a face value of Rs. 10 each, will be restructured into approximately 4.2 billion shares priced at Re. 1 each. Importantly, this restructuring will not impact the total paid-up capital.
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Under this arrangement, shareholders will receive 10 shares of Re. 1 for every single share of Rs. 10 they hold, based on a yet-to-be-disclosed effective date.
This stock split is subject to regulatory approval, as outlined in Section 85(1)(c) of the Companies Act, 2017.
To proceed with this initiative, AHCL has scheduled an Extra-Ordinary General Meeting (EOGM) on March 19, 2025. During this meeting, shareholders will vote on and, if approved, finalize the proposal.
This announcement was made alongside the company’s financial results for the first half of FY25, marking a significant step in enhancing shareholder value and facilitating smoother trading of the company’s stock.
