LSE SPAC-I Limited Announces FY2026 Financial Results and Schedules Annual General Meeting

LSE SPAC-I Limited has announced its financial results for the year ended June 30, 2026, reporting a net loss of approximately Rs. 29.61 million. The company’s Board of Directors approved the financial statements through a resolution passed by circulation on October 2, 2026, according to a notice submitted to the Pakistan Stock Exchange (PSX) on October 5, 2026.

Financial Performance for FY2026

According to the company’s financial statements, LSE SPAC-I Limited recorded a loss of Rs. 29.61 million for the financial year ended June 30, 2026, compared with a loss of Rs. 445,749 in the previous financial year.

Administrative and general expenses amounted to approximately Rs. 30.16 million, while other income reached Rs. 557,184. The company also reported a finance cost of Rs. 2,923 and a levy of Rs. 6,965 during the year.

The company’s basic and diluted loss per share stood at Rs. 6.04, compared with Rs. 1.43 in FY2025.

Assets and Equity Position

LSE SPAC-I Limited reported total assets of Rs. 230.32 million as of June 30, 2026, compared with Rs. 9.60 million a year earlier. The balance sheet included an investment of Rs. 230 million, accrued income of Rs. 5,406, tax refunds due from the government of Rs. 128,582, and cash and bank balances of Rs. 187,902.

The company’s issued, subscribed, and paid-up share capital increased to Rs. 260 million from Rs. 10 million in the previous financial year. The financial statements also showed accumulated losses of approximately Rs. 30.05 million at the end of FY2026.

No Dividend or Bonus Shares Announced

The company confirmed that it would not distribute a cash dividend or issue bonus shares or right shares in connection with the reported results. The notice also stated that there were no other entitlements, corporate actions, or price-sensitive developments to announce.

Annual General Meeting Scheduled for October 30

LSE SPAC-I Limited will hold its Annual General Meeting (AGM) on October 30, 2026, at 9:00 a.m. The meeting will take place at the company’s registered office in the auditorium of Exchange Plaza, 19-Khayaban-e-Aiwan-e-Iqbal, Lahore.

The company’s share transfer books will remain closed from October 23 through October 30, 2026, with both dates inclusive. Transfers received by the company’s share registrar, F.D Registrar Services (Pvt.) Ltd., by the close of business on October 23 will be considered timely for determining eligibility to attend the AGM.

The company also stated that its annual report for the year ended June 30, 2026, would be transmitted through the Pakistan Unified Corporate Action Reporting System (PUCARS) and uploaded to its official website, www.lse.com.pk, within the specified period. Shareholders will also be able to access the report through a QR code to be distributed with the AGM notice and newspaper announcements.

What Investors Should Know

The latest results show a substantial increase in the company’s reported loss alongside a significant expansion in its asset base and paid-up capital. Investors may wish to review the complete annual report, including the accompanying financial statement notes, to better understand the company’s expenses, investments, financial position, and future direction.

Shareholders should also take note of the AGM date and share transfer book closure period to ensure they meet the relevant requirements for participation.