⚡ Flash Summary

LSE Capital Limited (LSECL) has announced a revised determination of the entitlement date and book closure for the distribution of LSECL shares to its shareholders under the Scheme of Arrangement. The revised entitlement date is set for November 7, 2025, and the book closure will be observed on November 8, 2025. This revision is due to certain technical reasons. The distribution ratio remains at 34.75 shares per 1,000 shares, excluding cross-holdings.

📌 Key Takeaways

• 📅 Revised Entitlement Date: November 7, 2025.
• 🗓️ Book Closure: November 8, 2025.
• ⚖️ Distribution Ratio: 34.75 shares per 1,000 shares.
• 🚫 Excludes cross-holdings.
• 🗂️ Share transfers must be received by November 7, 2025.
• 🔒 Closed Period: November 4, 2025, to November 7, 2025 (no insider trading).
• ❌ Ex-Price: Not applicable.
• 📜 Scheme sanctioned by Lahore High Court (C.O No. 75382/2025).
• 🤝 Scheme involves LSEFSL and DCCL.
• 🔄 Share distribution impacts LSECL, LSEFSL, and DCCL shareholders.
• ⚖️ Distribution of DCCL shares to LSECL shareholders based on specified ratios.
• 📉 Capital reduction for LSEFSL (24.32%) and DCCL (23.47%).
• 🏦 Transfer of liabilities: Rs. 37.82 million from DCCL to LSEFSL.
• 🕒 Financial position statement to be provided within 90 days.
• 🤝 Board meetings convened on November 1, 2025, to determine entitlement dates.

🎯 Investment Thesis

HOLD. Given that the announcement is a procedural update regarding the distribution of shares under a previously approved scheme, there is no new fundamental information to warrant a change in investment stance. The key risk lies in the execution of the scheme, which is currently progressing as planned. Price target remains unchanged pending further financial updates. Time horizon is medium-term, contingent on the successful completion of the scheme.