KARACHI: BRR Guardian Limited (PSX: BRRG) has announced the successful allotment and credit of 23.75 million ordinary shares under its court-approved Scheme of Arrangement and Reconstruction, marking a significant milestone in the company’s restructuring process.
In a material information notice submitted to the Pakistan Stock Exchange (PSX) on August 4, 2026, the company stated that 23,752,122 ordinary shares were issued and credited to the Central Depository System (CDS) account of BRR Financial Services (Private) Limited on July 31, 2026. The shares were issued as consideration for the transfer of designated assets from BRRFS to BRR Guardian Limited, in accordance with the Scheme sanctioned by the Honorable High Court of Sindh.
As a result of the transaction, BRR Guardian’s paid-up share capital increased from Rs. 950.08 million (95,008,489 ordinary shares) to approximately Rs. 1.187 billion, representing 118,760,611 ordinary shares with a face value of Rs. 10 each.
Following the issuance, BRR Financial Services (Private) Limited has become a substantial shareholder, acquiring 23,752,122 shares, which represent 19.99% of the company’s total issued and paid-up capital. The company separately disclosed this change in shareholding in compliance with PSX Regulation 5.6.4 regarding disclosure of interests by relevant persons.
BRR Guardian also informed the exchange that it has applied for registration of an increase in its authorized share capital with the Securities and Exchange Commission of Pakistan (SECP). The proposal seeks to raise the authorized capital from Rs. 1.4 billion to Rs. 1.5 billion, increasing the number of authorized ordinary shares from 140 million to 150 million. Once the enhancement is registered by the SECP, the company will announce a separate book closure for the entitlement and distribution of additional shares under the approved scheme.
The latest development represents another key step in BRR Guardian’s corporate restructuring strategy, strengthening its capital base while formalizing the transfer of assets under the court-approved arrangement. The transaction also significantly alters the company’s shareholding structure by introducing BRR Financial Services as a major shareholder with a nearly 20% stake.
