Service Industries proposes 10-for-1 stock split
MG News | June 29, 2026 at 01:04 PM GMT+05:00
June 29, 2026 (MLN): The Board of Directors of Service Industries Limited (PSX: SRVI) in its meeting held on June 29, 2026 approved the sub-division of the face value of the company's shares from Rs10/- per share to Rs1/- per share, i.e., in the ratio of 10 ordinary shares for every 1 existing ordinary share held.
The board also approved amendment
of the relevant clauses of Memorandum of Association and Articles of
Association of the company to reflect the proposed sub-division of ordinary
shares.
To consider the sub-division of
shares and the consequent amendment in the Memorandum and Articles of
Association, an Extraordinary General Meeting (EOGM) will be convened on August
04, 2026 at Shalimar Tower Hotel, Adjacent Servis House, 2-Main Gulberg,
Lahore.
The Share Transfer Books of the
company will remain closed from July 29, 2026 to August 04, 2026 (both days
inclusive).
Transfers received at the share
registrar office, Corplink (Private) Limited, Wings Arcade, 1-K, Commercial,
Model Town, Lahore at the close of business on July 28, 2026 will be treated in
time to attend and vote at the EOGM.
The aforementioned information
was disseminated through a notification to
Exchange.
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