Lahore, August 3, 2026 — Zuma Resources Limited has approved a five-for-one stock split following the passage of a special resolution at its Extraordinary General Meeting (EGM) held on August 1, 2026. The move is aimed at reducing the face value of each ordinary share while maintaining the company’s overall paid-up capital.
Under the approved resolution, the face value of each ordinary share will be reduced from Rs. 10 to Rs. 2, resulting in every existing share being subdivided into five ordinary shares. Despite the increase in the number of shares, the company’s issued, subscribed, and paid-up capital will remain unchanged at Rs. 141 million. Consequently, the total number of issued shares will increase from 14.1 million to 70.5 million ordinary shares.
The shareholders also approved amendments to Clause 5 of the company’s Memorandum of Association to reflect the revised capital structure. Following the amendment, Zuma Resources’ authorized share capital will stand at Rs. 350 million, divided into 175 million ordinary shares of Rs. 2 each.
The resolution further authorizes the company’s Chief Executive Officer and Company Secretary, jointly or individually, to complete all regulatory formalities required for implementing the share subdivision. This includes filing the necessary documentation with the Securities and Exchange Commission of Pakistan (SECP), the Pakistan Stock Exchange (PSX), the Central Depository Company (CDC), and other relevant authorities. The company also stated that any amendments required by regulators will automatically become part of the approved resolution without the need for fresh shareholder approval.
In addition to the special resolution, shareholders passed an ordinary resolution approving the remuneration of the company’s Chief Executive Officer and one full-time working director. The approved compensation for the financial year ending June 30, 2027 will be up to PKR 15 million, inclusive of allowances and other employment-related benefits.
The share split is expected to increase the number of outstanding shares and improve trading accessibility without affecting the company’s total equity or shareholders’ proportional ownership.
