LSE Capital exits modaraba business as SECP approves voluntary de-registration

Securities and Exchange Commission of Pakistan (SECP) has approved LSE Capital Limited’s request for voluntary de-registration as a modaraba company and cancelled its modaraba management company licence with immediate effect, according to letters issued by the regulator and the company’s filing to Pakistan Stock Exchange (PSX) on Friday.

In a letter dated March 4, 2026, SECP’s Registrar Modaraba informed LSE Capital that it has been removed from the register of modaraba companies maintained by the commission. The SECP said the decision follows the merger of Modaraba Al-Mali with and into LSE Capital and the company’s position that it is no longer managing a modaraba and does not intend to float another one.

The regulator directed LSE Capital to stop undertaking modaraba company business going forward and to amend its memorandum and articles of association accordingly. It also asked the company to remove the words “Modaraba Management” from its name within 30 days of the letter.

SECP added that the de-registration does not affect the operation of other provisions of the Modaraba Companies and Modaraba (Floatation and Control) Ordinance, 1980 related to enforcement, including prosecution or penalties for defaults or violations of the regulatory framework.

LSE Capital, in a disclosure to the PSX on Friday, confirmed it has been de-registered and requested the exchange to disseminate the material information to TRE certificate holders.