LSE Financial Services to raise Rs159m through 58.89% rights issue

Mettis Global reported that LSE Financial Services Limited (PSX: LSEFSL) plans to raise its paid-up capital by issuing 159 million additional ordinary shares through a rights issue. The board approved the proposal by circulation on September 14, 2026, and the company notified the exchange of the decision.

Existing shareholders would be offered 58.89 new shares for each 100 ordinary shares they hold, which works out to a 58.89 per cent rights offer. Each new share carries a par value of Rs1, so the full issue is worth Rs159 million at face value.

The closure dates for the share transfer books, which decide who qualifies for the rights, have not yet been fixed. The company will confirm them at a later date after the offer document is complete, in line with PSX rules and the Companies (Further Issue of Shares) Regulations, 2020.