WorldCall Telecom Limited has informed the Pakistan Stock Exchange (PSX) that it will implement a Lahore High Court-approved capital restructuring plan, including a reduction in paid-up share capital, a consequential stock split, and changes to its authorized share capital. The company has also revised the implementation schedule, with book closure now set for August 8–9, 2026.
According to the company’s notification, the Lahore High Court sanctioned the restructuring on July 8, 2026, following approval by shareholders at the company’s 26th Annual General Meeting held on April 30, 2026. The restructuring is designed as a single integrated corporate action aimed at strengthening the company’s capital structure and aligning it with its financial position.
As part of the restructuring, WorldCall will first reduce its paid-up ordinary share capital by approximately 90%, reflecting the cancellation of capital that is no longer represented by available assets. Following the reduction, each remaining ordinary share with a face value of Rs.10 will be subdivided into ten ordinary shares of Re.1 each through a consequential stock split.
The company clarified that although the Central Depository Company (CDC) will process the restructuring in two sequential operational steps due to system limitations, both stages represent a single court-approved transaction rather than separate corporate actions. The legal effectiveness of the restructuring remains July 8, 2026, while the phased implementation is solely for operational purposes.
WorldCall has fixed August 7, 2026, as the entitlement date for determining eligible shareholders, while book closure will remain effective from August 8 to August 9, 2026. Trading in the company’s ordinary shares has been requested to remain suspended on the entitlement date to facilitate the operational implementation of the restructuring. Trades executed on August 7 will be settled on a T+0 basis to ensure accurate determination of shareholder entitlements.
The company also outlined the treatment of fractional shares, stating that no fractional ordinary shares will be credited through the Central Depository System. Where necessary, the court-approved minimum one-share rule will apply before the stock split is implemented, ensuring consistency with the sanctioned restructuring scheme.
In addition to the capital reduction and stock split, WorldCall will revise its authorized share capital. Following implementation, the authorized capital will stand at Rs.21 billion, divided into 19.8 billion ordinary shares of Re.1 each and 100,000 preference shares. Relevant updates will be made across CDC, NCCPL, PSX, and other regulatory systems.
The company emphasized that the restructuring is an internal balance sheet reorganization intended to improve its capital structure without creating new economic benefits or liabilities for shareholders. It further requested regulators and market infrastructure institutions to ensure that the restructuring does not trigger an ex-price adjustment solely because of the operational sequencing of the implementation.
