Karachi, September 23, 2026: Macter International Limited has proposed a subdivision of its ordinary shares, reducing the face value of each share from Rs. 10 to Rs. 2, according to material information submitted to the Pakistan Stock Exchange (PSX).
The proposal was considered by the company’s Board of Directors at its meeting held on September 22, 2026 and will be presented to shareholders for approval at the upcoming Annual General Meeting, subject to applicable regulatory requirements.
Under the proposed share subdivision, Macter’s existing 45,811,018 ordinary shares of Rs. 10 each would be restructured into 229,055,090 ordinary shares of Rs. 2 each. The company clarified that the change would not affect its total paid-up capital.
Shareholders to Receive Five Shares for Each Existing Share
If approved and implemented, shareholders would receive five ordinary shares of Rs. 2 each for every one ordinary share of Rs. 10 held as of the effective date. The company stated that the subdivision remains subject to regulatory approvals.
Macter said the initiative is intended to enhance market liquidity, improve investor accessibility and align the company’s stock price with broader market participation.
The company also plans to make corresponding changes to its Memorandum and Articles of Association to incorporate the proposed share subdivision.
The material information was signed by Asif Javed, Company Secretary of Macter International Limited, and communicated to the PSX and the relevant department of the Securities and Exchange Commission of Pakistan (SECP).
The proposed subdivision changes the number and face value of the shares while leaving the company’s total paid-up capital unchanged. Final implementation will depend on shareholder approval and the required regulatory approvals.
