46 Million Securities of Yousaf Weaving Mills Limited Successfully Allotted and Credited to Central Depository Company Accounts

Karachi, In response to a confirmation letter dated September 20, 2023, which was subsequently received on September 22, 2023, regarding the allotment of 46,000,000 securities of “Yousaf Weaving Mills Limited,” the company is pleased to announce the successful allocation and crediting of these securities into the respective accounts within the Central Depository System.

As of the end of the business day on September 22, 2023, the securities of “Yousaf Weaving Mills Limited” have been seamlessly credited to the Central Depository Company of Pakistan Limited accounts, ensuring a smooth and efficient process for all involved parties.

This significant development has a direct impact on the company’s financial structure, as it is reported that the paid-up capital of Yousaf Weaving Mills Limited now stands at 136,000,000 securities. The accurate allocation and recording of these securities are pivotal for maintaining transparency, accountability, and regulatory compliance within the financial sector.

In light of this, all concerned stakeholders and shareholders are kindly requested to review their accounts and holdings to confirm the accuracy of the credited securities. The company emphasizes the importance of promptly reporting any discrepancies or irregularities, should they exist, to ensure a timely resolution.

This milestone in the allocation and crediting of securities underscores Yousaf Weaving Mills Limited’s commitment to operational excellence and regulatory compliance. The company continues to strive for transparency and efficiency in its dealings with stakeholders, promoting confidence and trust within the financial community.

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