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Karachi: Dadabhoy Construction Technology Ltd. reported during a board meeting held on July 27, 2024, that there would be no distribution of cash dividends, bonus shares, right shares, or any other entitlements for the fiscal years ending June 30 from 2020 to 2023. The decision reflects the board’s assessment of the company’s financial strategy and shareholder allocation for these periods.
According to information available from the Pakistan Stock Exchange (PSX), the company’s financial results spanning four years highlight a consistent policy regarding shareholder entitlements, with no dividends or shares issued. This comes as the company prepares for its Annual General Meeting scheduled for August 24, 2024, in Karachi, where shareholders registered by the same date will be recognized.
Furthermore, the Share Transfer Books of the company will remain closed from July 22, 2024, to August 15, 2024, ensuring all transfers completed by the end of business on August 15 are accounted for before the entitlement date.