{
  "id": 8237638,
  "title": "National Foods to Increase Share Count 5 Times",
  "url": "https://urgent.news/2026/09/18/national-foods-to-increase-share-count-5-times",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T11:32:30.000Z",
  "source": {
    "name": "ProPakistani",
    "slug": "propakistani",
    "url": "https://propakistani.pk/2026/09/18/national-foods-to-increase-share-count-5-times/"
  },
  "original_language": "en",
  "account": "National Foods Limited (PSX: NATF) has announced plans to divide each of its existing ordinary shares into five, reducing the number of shares outstanding by five times. This move, without affecting the company's total paid-up share capital, will convert 233,115,425 shares worth Rs. 5 each into 1,165,577,125 shares valued at Rs. 1 each. The proposal, approved by the Board of Directors on September 18, 2026, requires regulatory and shareholder approval before implementation. The effective date for the share subdivision, to be notified by the company, will result in shareholders receiving five shares of Rs. 1 for each share of Rs. 5 they hold. Amendments to the company's Memorandum of Association and Articles of Association will reflect the changes in accordance with the Companies Act, 2017. National Foods will present the proposal for shareholder approval at the 55th Annual General Meeting on October 26, 2026, at the Beach Luxury Hotel in Karachi. The company assures that the share subdivision will not impact the subscribed or paid-up share capital of National Foods.",
  "summary": "National Foods Limited (PSX: NATF) has proposed subdividing each existing ordinary share of Rs. 5 into five ordinary shares of … Read More The post National Foods to Increase Share Count 5 Times appeared first on ProPakistani .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}