Key Takeaways
- National Foods Limited plans to increase its share count fivefold.
- The company’s existing 233 million shares will become 1.166 billion shares.
- Shareholders will receive five new shares for each existing one.
National Foods Limited has proposed a significant restructuring of its share capital, with the intention of increasing the share count five times. The company’s existing 233,115,425 ordinary shares of Rs. 5 each will be converted into 1,165,577,125 ordinary shares of Rs. 1 each.
The Board of Directors approved and recommended the share subdivision at a meeting held on September 18, 2026. The move is subject to regulatory and shareholder approvals, and the company plans to seek shareholders’ approval at its 55th Annual General Meeting on October 26, 2026, at 10:00 a.m. at Beach Luxury Hotel in Karachi.
According to the company, the share subdivision will not alter its subscribed or paid-up share capital. The proposed changes will be reflected in the company’s Memorandum of Association and Articles of Association, in compliance with the Companies Act, 2017.
National Foods stated that the share subdivision is aimed at enhancing the liquidity of its shares and making them more accessible to a broader range of investors. The company believes that this move will improve marketability and potentially increase trading volumes.
The company’s existing shareholders will receive five new ordinary shares of Rs. 1 each for every one existing ordinary share of Rs. 5 each held on the effective date, which will be announced by the company.
National Foods Limited is a well-established player in the food and beverage industry, known for its diverse range of products. The proposed share subdivision is expected to have a positive impact on the company’s market presence and investor base.
