National Foods Limited (PSX: NATF) has proposed subdividing each existing ordinary share of Rs. 5 into five ordinary shares of Rs. 1 each, without changing the company’s paid up share capital.
The Board of Directors approved and recommended the share subdivision at its meeting held on September 18, 2026, subject to the required regulatory and shareholder approvals.
As a result of the proposed subdivision, the company’s existing 233,115,425 ordinary shares of Rs. 5 each will be converted into 1,165,577,125 ordinary shares of Rs. 1 each.
Shareholders will receive five ordinary shares of Rs. 1 each for every one existing ordinary share of Rs. 5 each held on the effective date, which will be announced by the company.
The company has also proposed amendments to its Memorandum of Association and Articles of Association to reflect the share subdivision in line with the Companies Act, 2017.
National Foods will seek shareholders’ approval for the proposed changes at its 55th Annual General Meeting scheduled for October 26, 2026, at 10:00 a.m. at Beach Luxury Hotel in Karachi. The company said the subdivision will not result in any change in its subscribed or paid-up share capital.
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