LSE Capital eyes Rs100m via Partially Redeemable Shares

MG News | March 11, 2026 at 12:18 PM GMT+05:00

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March 11, 2026 (MLN): LSE Capital Limited (PSX: LSECL) is moving to raise Rs100 million through the issuance of Partially Redeemable Shares (PRS), as its board approved amendments to the company’s Memorandum and Articles of Association.

The proposed PRS will replace the previously planned Tracking Preference Shares – Class B, reflecting a shift in the company’s capital structure strategy, according to the notice issued to PSX today.

The board also approved the notice for an Extraordinary General Meeting (EOGM) scheduled for April 6, 2026, where shareholders will consider the proposed amendments as special resolutions and conduct elections for the Board of Directors for the 2026–2029 term.

Separately, the board decided to appoint a consultant to facilitate licensing for its subsidiary, Digital Custodian Company Limited, including Custodian and Wallet Provider licenses from the Pakistan Virtual Assets Regulatory Authority and limited depository registration from the Securities and Exchange Commission of Pakistan.

In another decision, any remaining subscription portion, pending confirmation from banks, will be taken up by LSE Ventures Limited.

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