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Karachi, Engro Corporation Limited has successfully credited the Second Interim Cash Dividend for the fiscal year ending December 31, 2023. Shareholders of the company received a generous dividend of Rs. 2.00 per share, equivalent to 20.00% of their holdings. This dividend distribution took place on September 7, 2023, through electronic means, directly into the designated bank accounts of eligible shareholders.
It’s important to note that this dividend was credited exclusively to shareholders who had provided their electronic mandate (e-mandate) along with 24-digit complete International Bank Account Numbers (IBANs). The company has streamlined its dividend disbursement process to ensure efficiency and convenience for its shareholders.
However, in compliance with the provisions of the Companies Act, 2017, Engro Corporation Limited has withheld dividend payments for shareholders who failed to provide their IBAN numbers and/or valid copies of their Computerized National Identity Cards (CNICs). This requirement aims to ensure accurate and transparent dividend distribution while adhering to regulatory standards.
This announcement reflects Engro Corporation’s commitment to rewarding its shareholders and maintaining robust corporate governance practices. Shareholders who have not yet provided the required documentation are encouraged to do so promptly to ensure they receive their entitled dividends in future distributions.
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