Shareholders of Service Industries Limited (SIL) have approved a 10-for-1 share split, reducing the face value of each ordinary share from Rs10 to Rs1, during the company's Extraordinary General Meeting (EGM) held on August 4, 2026.

The special resolution was passed under Section 85(1)(c) of the Companies Act, 2017, enabling every existing ordinary share with a face value of Rs10 to be subdivided into 10 ordinary shares of Re1 each, without any change to the rights, privileges or ownership of shareholders.

Following the approval, the company's authorised share capital has been restructured from 100 million ordinary shares of Rs10 each to 1 billion ordinary shares of Re1 each. Despite the increase in the number of shares, the total authorised capital remains unchanged at Rs1 billion.

Similarly, the company's issued and paid-up share capital has been subdivided from 46.99 million ordinary shares of Rs10 each to 469.87 million ordinary shares of Re1 each, with the total paid-up capital remaining unchanged at Rs469.87 million.

As part of the restructuring, Clause V of the Memorandum of Association and Part III of the Articles of Association have been amended to reflect the revised share capital structure.

The shareholders also authorised the Chief Executive Officer, any Director or the Company Secretary to complete all regulatory formalities, including filings with the Securities and Exchange Commission of Pakistan (SECP), the Pakistan Stock Exchange (PSX), the Registrar of Companies, and the Central Depository Company (CDC) to implement the approved share subdivision.