Blue-Ex moves for 10-for-1 share split
Blue-Ex Limited (PSX: BLUEX) has moved forward with a proposal to subdivide its ordinary shares by reducing the face value from Rs10 to Rs1 per share, resulting in a 10-for-1 share split.
Under this arrangement, shareholders will receive 10 shares of Rs1 each for every one ordinary share of Rs10 held, subject to shareholder approval, according to the company’s filing on PSX revealed today.
Following the proposed subdivision, the company’s existing paid-up capital of 28,428,430 ordinary shares of Rs10 each will convert into 284,284,300 ordinary shares of Re1 each.
The change is aimed at enhancing share accessibility and broadening investor participation, while aligning the company’s capital structure with its growth trajectory.
An Extraordinary General Meeting has been scheduled for Wednesday, February 11, 2026, at 4:30 PM at the company’s registered office in Karachi, with the option to attend through video link.
Share transfer books will remain closed from February 4 to February 11, 2026, both days inclusive, to determine shareholder eligibility for participation and voting at the meeting. Transfers received by the close of business on February 3, 2026, will be considered valid for this purpose.
