LSE Capital seeks PVARA licences for custodian, wallet services

LSE Capital Limited said on Wednesday its board has approved issuance of partially redeemable shares worth PKR 100 million and called an extraordinary general meeting (EOGM) on April 6, 2026 to seek shareholder approval for the move and conduct board elections for the 2026–2029 term.

The company said the proposed issuance of Partially Redeemable Shares (PRS) will replace Tracking Preference Shares – Class B through amendments to its Memorandum and Articles of Association. The proposed changes will be presented to shareholders as special resolutions at the upcoming EOGM.

The board also decided that any remaining portion of a planned subscription, pending confirmation from banks, will be subscribed by LSE Ventures Limited.

In another decision, the board approved hiring a consultant to obtain licences from the Pakistan Virtual Assets Regulatory Authority (PVARA) for custodian and wallet provider services and to secure a limited depository registration from the Securities and Exchange Commission of Pakistan (SECP) for its subsidiary Digital Custodian Company Limited.

The company said shareholders will vote on the proposed amendments and other agenda items during the EOGM scheduled for April 6.