Service Industries Limited (PSX: SRVI) shareholders have approved a 10-for-1 stock split, reducing the face value of the company’s ordinary shares from Rs. 10 to Rs .1 while keeping its total share capital unchanged.
The special resolution was passed at the company’s Extraordinary General Meeting (EGM) held on August 4, 2026. Under the approved subdivision, each existing ordinary share with a face value of Rs. 10 will be converted into 10 ordinary shares of Rs. .1 each, without altering the rights and privileges attached to the shares.
Following the stock split, the company’s authorized share capital will increase in terms of the number of shares from 100 million shares of Rs. 10 each to 1 billion shares of Re.1 each, while the total authorized capital will remain unchanged at Rs. 1 billion.
Similarly, the issued and paid-up capital will be subdivided from 46.99 million shares to 469.87 million shares, with the total paid-up capital remaining Rs469.87 million.
The shareholders also approved amendments to the company’s Memorandum and Articles of Association to reflect the revised capital structure.
In addition, the Chief Executive Officer, any director or the Company Secretary has been authorized to complete all regulatory formalities, including filings with the Securities and Exchange Commission of Pakistan (SECP), Pakistan Stock Exchange (PSX) and Central Depository Company (CDC), as well as announce the effective date for the share subdivision and credit the new shares to shareholders.
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