WorldCall Telecom Limited, listed on the Pakistan Stock Exchange under the ticker WTL, is set to undergo a major corporate capital restructuring following formal approval from the Lahore High Court under an order dated July 8, 2026. The judicial confirmation validates special resolutions previously passed by shareholders during the twenty-sixth Annual General Meeting held on April 30, 2026. The court-approved plan encompasses an integrated financial reorganization comprising the rearrangement of authorized share capital, a significant reduction of paid-up ordinary share capital, and a consequential stock split across ordinary equity shares.
Under the terms of the sanctioned restructuring plan, the paid-up ordinary share capital of the telecommunications provider will be reduced from 49.82 billion rupees down to 4.98 billion rupees. This reduction effectively cancels a substantial portion of capital that has been lost or is unrepresented by available physical and financial assets on the balance sheet. Immediately following this accounting reduction, each remaining ordinary share carrying a nominal face value of ten rupees will be subdivided into ten ordinary shares with a face value of one rupee each. Consequently, the nominal value per share becomes one rupee, while the total aggregate number of ordinary shares held by individual investors will remain unchanged following the split.
To accommodate operational mechanics within the Central Depository System, the Central Depository Company will execute the capital adjustment in two sequential steps. The process will begin with the initial capital reduction, followed directly by the execution of the stock split. Company officials clarified that this sequential approach serves purely as an operational arrangement necessitated by technical depository workflows, and does not alter the unified legal character of the transaction as a single composite corporate exercise effective from July 8, 2026.
The corporate management team has designated Friday, August 7, 2026, as the Entitlement Date to determine eligible shareholders entitled to participate in the capital reorganization. Formal book closure will take place from August 8 to August 9, 2026, inclusive of both dates. Equity trading in the shares of the company on the floor of the national exchange will remain suspended on August 7, 2026, allowing the Central Depository Company and the National Clearing Company of Pakistan Limited to complete data processing. Any trades executed on the designated Entitlement Date will be settled on a same-day T plus zero basis.
Regarding fractional share allocations, no fractional equity shares will be created or credited within the electronic depository framework. In instances where the capital reduction calculations result in a residual balance below one full share, the affected shareholder will be credited with a full ordinary share under a minimum one-share policy provision before applying the stock split mechanics. Furthermore, the company requested market regulators to forgo ex-price adjustments, ensuring shares do not trade ex-price on account of this action, given that the stock split operates as a direct consequence of the capital reduction rather than an independent corporate distribution. Following full implementation, the total authorized share capital of the entity will stand at 21 billion rupees, divided into 19.8 billion ordinary shares of one rupee each and 100,000 preference shares valued at 100 US dollars each, equivalent to 1.2 billion rupees at a fixed reference rate.
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