WorldCall Telecom Limited has set revised book closure dates from August 8 to August 9, 2026, to implement a court sanctioned capital restructuring following an order issued by the Lahore High Court on July 8, 2026. Under the order, the telecom company is carrying out a composite recapitalization exercise involving a 90 percent reduction of its paid up ordinary share capital, followed immediately by a consequential 1-to-10 stock split.
Due to operational limitations within the Central Depository System, the Central Depository Company of Pakistan will process this single court approved transaction in two sequential stages, first reducing holdings by 90 percent to cancel capital lost or unrepresented by available assets, and then subdividing each remaining share into ten ordinary shares of Re 1 each. Following the split, each shareholder’s total number of ordinary shares will remain unchanged, with no ex-price market adjustments or new securities being issued as part of the process.
Friday, August 7, 2026 has been fixed as the entitlement date, allowing the depository system to accurately determine beneficial ownership ahead of the book closure. Trading in the company’s ordinary shares will be suspended on that date to facilitate the two-step processing by the Central Depository Company and the National Clearing Company of Pakistan Limited, with any trades executed that day settling on a T+0 basis. Following the restructuring, WorldCall Telecom’s revised authorized capital will stand at Rs21 billion, comprising 19.8 billion ordinary shares of Re 1 each along with 100,000 preference shares of $100 each.
The company described the restructuring as an internal balance sheet reorganization aimed at rationalizing equity and eliminating accumulated impairments without altering the fundamental economic interests of shareholders. To handle fractional entitlements generated during the 90 percent reduction, the court sanctioned scheme prohibits crediting fractional shares in the depository system, with shareholders left with a balance of less than one full share instead allocated one full ordinary share under the approved minimum share rule before the ten-for-one subdivision takes place, ensuring any minor variations in final holdings arise solely from these court approved fractional provisions.
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