National Foods Approves Five-For-One Share Split

The board of National Foods Limited has approved and recommended a five-for-one subdivision of the company’s ordinary shares, under which every existing share with a face value of Rs5 will be split into five shares with a face value of Rs1 each.

The decision was taken at a board meeting held on September 18, according to the company’s material information disclosure.

Following the proposed subdivision, the number of subscribed and paid-up ordinary shares will rise from 233.115 million to 1.166 billion. However, the company’s total paid-up share capital will remain unchanged.

Under the proposed arrangement, shareholders will receive five Rs1 ordinary shares for every one Rs5 share currently held, subject to the required regulatory and shareholder approvals. The effective date will be announced at a later stage.

National Foods currently has 233,115,425 ordinary shares, each carrying a face value of Rs5. After the subdivision, the company will have 1,165,577,125 ordinary shares with a face value of Rs1 each.

The company clarified that the share subdivision will not alter its subscribed or paid-up share capital.

Shareholders to decide at October AGM

Along with the proposed share split, the board has also approved and recommended amendments to the company’s Memorandum of Association and Articles of Association. The changes are intended to reflect the new share structure and ensure compliance with the relevant provisions of the Companies Act, 2017.

Both the share subdivision and the proposed amendments will be presented to shareholders for approval at National Foods’ 55th Annual General Meeting.

The AGM is scheduled to take place in Karachi on Monday, October 26, 2026.

The proposals will only proceed after receiving shareholders’ approval and all other necessary approvals required under the applicable provisions of the Companies Act, 2017.