Zuma Resources shareholders approve 5 for 1 stock split, executive remuneration

Shareholders of Zuma Resources Limited have approved a 5-for-1 stock split by subdividing each ordinary share with a face value of Rs10 into five ordinary shares of Rs2 each, according to resolutions passed at the company's Extraordinary General Meeting (EGM) held on **August 1, 2026.

 

Following the approval, the company's issued, subscribed, and paid-up share capital will remain unchanged at Rs141 million, while the total number of issued ordinary shares will increase from 14.1 million shares of Rs10 each to 70.5 million shares of Rs2 each.

 

The shareholders also approved an amendment to Clause 5 of the Memorandum of Association, revising the company's authorized capital to Rs350 million, divided into 175 million ordinary shares of Rs2 each, reflecting the new share structure.

 

The EGM further authorized the Chief Executive Officer and Company Secretary to complete all regulatory formalities, including filings with the Securities and Exchange Commission of Pakistan (SECP), Pakistan Stock Exchange (PSX), Central Depository Company (CDC), and other relevant authorities.

 

In a separate ordinary resolution, shareholders approved remuneration of up to PKR 15 million, including allowances and other employment benefits, for the Chief Executive Officer and one full-time working director for the financial year ending June 30, 2027.