Lucky Core Board approves share face value sub-division

News Image

By MG News | May 13, 2025 at 09:19 AM GMT+05:00

0:00

May 13, 2025 (MLN): The Board of Directors of Lucky Core Industries Limited (PSX: LCI) has approved a sub-division of the face value of the Company's shares, subject to Members' approval.

The proposal seeks to reduce the face value of each ordinary share from Rs10 to Rs2 per share.

Following the sub-division, the Company's subscribed and paid-up capital currently consisting of 92.36 million ordinary shares of Rs10 each will be restructured into 461.79m ordinary shares of Rs2 each, the company's filing on PSX revealed today. 

Shareholders will be entitled to receive five (5) shares of Rs2 each for every one (1) share of Rs10 held, as of the effective date, which will be announced later, subject to necessary approvals in line with Section 85(1)(c) of the Companies Act, 2017.

An Extraordinary General Meeting will be convened in due course to obtain Members' approval for the proposed changes.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 106,200.00 106,200.00
106,125.00
450.00
0.43%
BRENT CRUDE 67.28 67.50
66.34
0.54
0.81%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.53 65.65
65.52
0.08
0.12%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 01, 2025 at 10:04 PM GMT+05:00

Pakistan’s trade deficit improves by over 9% in June


July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola


July 01, 2025 at 04:53 PM GMT+05:00

PSX proposes key regulatory amendments



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg