June 29, 2026
Service Industries board approves 10-for-1 share split proposal
Company to seek shareholder approval at August 4 EOGM in Lahore; share transfer books to remain closed from July 29 to August 4
June 29, 2026
The Board of Directors of Service Industries Limited has approved a proposal to subdivide the company’s ordinary shares by reducing their face value from Rs 10 per share to Rs 1 per share, according to a notice submitted to the Pakistan Stock Exchange on Monday.
The proposed split will be carried out in the ratio of 10 ordinary shares for every one existing ordinary share held, in accordance with Section 85(1)(c) of the Companies Act, 2017.
The decision was taken at the company’s board meeting held on June 29, 2026.
The board also approved amendments to the relevant clauses of the company’s Memorandum of Association and Articles of Association to reflect the proposed sub-division of ordinary shares.
Service Industries said an Extraordinary General Meeting will be held on August 4, 2026, in Lahore, for consideration of the share sub-division and related amendments to the Memorandum and Articles of Association.
The company’s share transfer books will remain closed from July 29, 2026, to August 4, 2026, both days inclusive.
The company said the notice of the EOGM would be issued in due course.
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