LSE Capital appointed corporate consultant for WorldCall restructuring

LSE Capital Limited has been appointed as corporate consultant to WorldCall Limited following the signing of an engagement agreement between the two companies, according to a disclosure submitted to the Pakistan Stock Exchange on Tuesday. 

LSE Capital will assist WorldCall in its proposed corporate and capital restructuring. The scope of work includes restructuring of authorised capital, reduction of share capital, subdivision of shares, and a potential change of the company’s name.

The engagement also covers support for establishing international operations and ensuring regulatory compliance ahead of WorldCall’s 26th Annual General Meeting scheduled for April 30, 2026.

On April 8, 2026, the WorldCall board approved a series of restructuring and expansion measures, including a proposed name change, international expansion and balance sheet adjustments. 

The board approved plans to acquire a wholly owned subsidiary in the United Arab Emirates (UAE) to manage overseas operations. It also recommended changing the company’s name to WorldCall Technologies Limited.

The board also proposed a share swap arrangement with GlobalTech Corporation, the company’s ultimate holding entity, in compliance with applicable regulations.

WorldCall board also approved a balance sheet restructuring under Section 89(a) of the Companies Act, 2017, aimed at adjusting discounts on issued shares and accumulated losses. The restructuring will require approvals from relevant regulatory and legal authorities.