Clover Pakistan Limited (PSX: CLOV) has announced a proposed 10-for-1 stock split, according to a filing submitted to the Pakistan Stock Exchange (PSX) on Thursday.
The company’s Board of Directors, in a meeting held on February 13, 2026, approved and recommended the sub-division of shares, subject to shareholder approval at an Extraordinary General Meeting (EOGM) to be convened at a later date.
Under the proposal, the face value of the company’s shares will be reduced from Rs. 10 per share to Rs. 1 per share, in the ratio of 10 shares for each existing share.
The board also approved an amendment to Clause V of the Memorandum of Association to reflect the proposed sub-division.
If approved by shareholders, the company’s existing subscribed and paid-up capital of 38,928,824 ordinary shares of Rs. 10 each will be divided into 389,288,240 ordinary shares of Rs. 1 each. The total paid-up capital will remain unchanged.
Eligible shareholders will receive 10 shares in place of every one share held as of the determination date, which will be announced following the EOGM.
The company stated that the move is aimed at making its shares more accessible to a broader base of investors while maintaining the overall capital structure.
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