- September 23, 2026
- Posted by: Tresmark
- Category:
No Comments
Macter International Limited has proposed a 5-for-1 subdivision of its ordinary shares, subject to shareholder and regulatory approvals, according to a material information notice submitted to the Pakistan Stock Exchange (PSX).
The company’s Board of Directors approved the proposal at its meeting held on September 22, 2026, recommending it for shareholder approval at the upcoming Annual General Meeting.
Under the proposed subdivision, the face value of Macter shares would be reduced from Rs10 to Rs2 per share.
Following the split, the company’s issued, subscribed and paid-up share capital would increase from 45.81 million ordinary shares of Rs10 each to 229.06 million ordinary shares of Rs2 each.
The total paid-up capital would remain unchanged, meaning the proposal would not alter the company’s overall equity value solely due to the subdivision.
Under the proposed structure, shareholders would receive five ordinary shares of Rs2 each for every one Rs10 share held as of the effective date.
Macter said the move is intended to improve market liquidity, increase investor accessibility and broaden participation in its shares.
