WorldCall Telecom Limited has released a set of frequently asked questions to address queries from shareholders and market participants regarding its ongoing capital restructuring scheme, following the company’s earlier disclosure to the Pakistan Stock Exchange on July 31, 2026 regarding the reduction of share capital and a subsequent share split. The company said in a notice to the exchange that after receiving multiple queries on the operational, technical, and financial mechanics of the scheme, it had prepared the FAQ document to ensure shareholders receive uniform and accurate information, and requested that the exchange disseminate it among all TRE Certificate Holders and market participants.
According to the FAQs, the restructuring, sanctioned by the Lahore High Court, is being executed as a single composite transaction carried out in two sequential stages, a 90 percent reduction in paid up capital to cancel unrepresented capital and absorb accumulated losses, followed by a consequential 1-to-10 stock split that restores each shareholder’s original share count. The company clarified that while shares are temporarily reduced during the first stage, the split applied in the second stage brings the total number of shares held by each investor back to pre-scheme levels, with only minor rounding variations of up to one share possible for holders with fractional balances under the court approved rules governing the process.
The company emphasized that the scheme does not alter shareholders’ voting rights, proportional ownership, or financial entitlements, since it involves no issuance of new shares, no distribution of assets, and no transfer of value between shareholders. As a direct consequence of the reduction, the face value of WorldCall Telecom’s ordinary shares will fall from Rs10 per share to Re1 per share, though the Pakistan Stock Exchange will not adjust the market price on an ex-basis, since the total number of shares held by investors ultimately remains unchanged once the split is applied. The company further clarified that GlobalTech Corporation, despite holding the largest stake in WorldCall Telecom, receives no special privileges or preferential treatment under the court sanctioned scheme, which the company said applies uniformly to all ordinary shareholders regardless of the size of their holding.
The company added that the exercise is a non-cash, internal balance sheet adjustment, with no outflow of cash or assets to GlobalTech Corporation or any other group entity, and that WorldCall Telecom’s liquidity and operational asset base remain fully intact throughout the process. The FAQs also noted that Convertible Preference Shares and debt instruments held by group entities remain unaffected, since the scheme applies exclusively to ordinary paid up capital, while creditor obligations and liabilities remain unchanged, with no reduction, modification, or variance in amounts owed or in existing debt terms. On the operational timeline, the company said the Central Depository Company will process the restructuring in two phases due to technical limitations within the Central Depository System, even though the Lahore High Court approved it as a single unified recapitalization, with the entitlement date and trading suspension both set for August 7, 2026, settlement on a T+0 basis for trades executed that day, and book closure running from August 8 to August 9, 2026.
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