Karachi, July 27, 2026 — WorldCall Telecom Limited has announced the implementation of a comprehensive capital restructuring plan following the approval of the Lahore High Court. The restructuring includes a reduction in the company’s paid-up share capital, a consequential stock split, and an alteration of its authorized share capital. The company has requested the Pakistan Stock Exchange (PSX), Central Depository Company (CDC), and National Clearing Company of Pakistan Limited (NCCPL) to execute the restructuring in accordance with the approved operational schedule.
According to the company’s notification, the Lahore High Court sanctioned the restructuring on July 8, 2026, confirming the special resolutions passed by shareholders during the 26th Annual General Meeting held on April 30, 2026. The approved restructuring is being treated as a single integrated corporate recapitalization exercise, even though its implementation within the Central Depository System (CDS) will occur in two sequential operational stages.
As part of the first stage, WorldCall will reduce its paid-up ordinary share capital by approximately 90%, cancelling the portion of capital that is no longer represented by the company’s available assets. Immediately afterward, the remaining ordinary shares with a face value of Rs.10 each will be subdivided into ten ordinary shares of Re.1 each through a consequential stock split. The company clarified that this stock split is not an independent corporate action but a necessary component of the court-approved restructuring.
WorldCall emphasized that the restructuring is intended solely to reorganize its balance sheet and recapitalize shareholders’ equity without creating or extinguishing any economic interest for shareholders. The company noted that while the operational process may result in minor variations due to the treatment of fractional shares, these adjustments are governed by the court-approved scheme and do not affect the legal validity or economic substance of the restructuring.
For operational implementation, July 30, 2026 has been fixed as the entitlement date for determining eligible shareholders. The company has also announced a book closure from July 31 to August 2, 2026, while trading in WorldCall’s ordinary shares will remain suspended on July 31, 2026 to facilitate the completion of the restructuring process. All trades executed on the entitlement date will settle on a T+0 basis to ensure accurate determination of beneficial ownership.
The company further requested that no ex-price adjustment be applied solely because the restructuring is being processed in two operational stages. It stated that the capital reduction and stock split should be regarded as one continuous restructuring transaction rather than two separate corporate actions.
Following the implementation of the restructuring, WorldCall’s authorized share capital will stand revised at Rs.21 billion, divided into 19.8 billion ordinary shares of Re.1 each and 100,000 preference shares of US$100 each, with the relevant records to be updated by the CDC, NCCPL, and PSX.
The company has formally requested all relevant market institutions to complete the required operational, regulatory, and administrative actions to give full effect to the Lahore High Court’s order and the shareholders’ approved restructuring plan.
