January 14, 2026 The General Manager,
Pakistan Stock Exchange Limited, Stock Exchange Building,
Stock Exchange Road, Karachi.
Dear Sir,
In compliance with your letter no. PSX/C-1180-1682 dated September 15, 2025, we hereby confirm that 40,000,000 right shares offered by LSE Ventures Limited ("the Company") have been fully subscribed.
In this regard, auditor's certificate confirming receipt of full subscription money amounting to PKR 200,000,000 (Rupees Two Hundred Million Only) against the issue of rights shares is attached herewith.
In light of the above, you are requested to kindly issue "No Objection Certificate (NOC)" in favour of Banker to the Issue (Faysal Bank Limited) and Central Depository Company of Pakistan Limited for release of right shares subscription amount.
For and on behalf of LSE Ventures Limited:
Company SecretaryEnclosed: As above.
LSE Ventures Limited
The Exchange Hub | LSE Plaza | 19-Kashmir Egerton Road | Lahore - 54000 | Pakistan Tel: +92 42 36368000-4 | Email:info@lse.com.pk
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LSE Ventures Limited
Certificate on Receipt of Subscription Amount Against Right Issue of Shares
Rct". Act. A '00003/2L›
.kantian 14. 2026
Chief Executive Ot)icer, LSE 'entures Limited
The Exchange Hul›, 1.Sl°. l'l;iza. Ka›hiBii ligcrtoii Road.
Ilyas Saeed & Co.
Chartered Accountants
108-1-3, Model Town, Lahore - Pakistan T r92 42 3586 8849, 3586.1.852
E : info@ilyassaeed.com W : https://www.ilya saeed.com
Subiect: Auditor Certificate on Receipt of Subscription Amount A i s R h Issu of Shares offered bY LSE Ventures Limited to its Shareholders
Dear Sir,
Vie have been requested by the management of LSE Ventures Limited ('the Company") to provide a certificate on receipt of subscription money against subscription ofright shares offered by the Company to its shareholders, as required by the Pakistan Stock Exchange (PSX) and Central Depository Company of Pakistan (CDC).
Scope of Certificate
This certificate is issued to confirm the receipt of subscription money from the shareholders of the Company and is being provided for onward submission to the PSX and the CDC.
Management Responsibility
Management is responsible to ensure that the right issue of shares is made in accordance with the requirements of Companies Act 2017, relevant rules and regulations issued there under CDC Regulations as well as requirements ofPSX in this respect are fulfilled.
Auditor's Responsibility
Our responsibility is to certify the receipt of full amount of subscription amount against the right shares to be issued based on the procedures mentioned below, and report as per the 'Guidelines for issue of Certificate for Special PurposeS by Practicing Chartered Accountant Firms' issues by the Institute of Chartered Accountants of Pakistan.
Our verification was limited to the procedures mentioned below:
Obtained and checked the certified true copy of the resolution passed by the Board ofDirectors of the Company through Resolution by Circulation on September 12, 2025, approvins the issue of 40,000,000 shares or Rs. 5 each as Right Issue.
Obtained and checked the copy of the letter of offer issued vinder Section 63 of the C‹›iiipanies Act, 2017 and the Companies (Further Issue of Shares) Regulations, 2020.
Obtained and checked copies of bank stateitzent provided by thc franker tc the Riyht ms ie, certifying ilJc rcccipt nf suhscriptinn mnney frmn diiectnl's and shaic•hcalrlci s ‹u omtin5ie Rs. I 76,4fi3,933 in lJank Accr›unt No. 310210.1000005270 tilii(li(‹IilICCl Vi(h Fi1'fiiT) @i1(T f•iI1JitCCl.
Obtained and checked detail ol' i'eceipt ot" siihscriptitin inority ‹iiiioiiiiting to Rs. 2.1,*06,06*
received tlir‹›ugli ‹›riline payment oplioli ‹il' CUC.
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11 yas Sacc‹l ‹& I 'i›. is a partnersli ip firmi rebi.stencil in l'ukistun tiittl atl iiiilv}iemlctit iticiuber of' Mti I Yorlitw idle, a rlclwork u1 intlcpctiilont evcutiiiliiig, aiuliling, tiix iiiitl ctiiisulling lirins svorliliv itlc.
Ilyas Saeed & Co.
Chartered Accountants
Based on the procedures mentioned above, we certify that subscription amount ofRs. 200,000,000 has been received by the Company against subscription of 40,000,000 right shares from shareholders. The detail is as following:
Number of Right Shares | Amount in Rupees | ||
Right Share Entitlement to the Company's Directors and Substantial Shareholders | 17,468,437 | 87,342,1 85 | |
General shareholders - through designated bank account | 18,230,350 | 91,151,750 | |
General shareholders - through online payment option of CDC | 4,301,213 | 21,506,065 | |
Total | 40,000,000 | 200,000,000 |
Revised paid up capital after right issue is as follows:
Number of shares | Par value in Rupees | Amount in Rupees | ||
Paid up capital before right issue | 359,195,760 | 5 | 1,795,978,800 | |
Right issue of shares | 40,000,000 | 5 | 200,000,000 | |
Paid up capital after right issue | 399,195,760 | 5 | 1,995,978,800 |
All the requirements with regards to the allotment of shares in the name of CDC have been fulfilled by the issuer. Further in respect of above, we have been informed that there has been no condition imposed by concerned regulatory bodies including but not limited to the Securities and Exchange Commission of Pakistan applicable at this stage that were required to complied by the Company.
Restriction on Use and Distribution
The Certificate is being issued by us as statutory auditor of the Company, on the specific request of the management of the Company for onward submission to the PSX and CDC for the purpose of issuance of Right Shares and is not to be used or distributed to any other party for any other purpose. This certificate is restricted to the facts stated above.
Yours Truly,
d
A&c untants