Engro Powergen Qadirpur Limited Credits Final Cash Dividend to Shareholders

Karachi, Engro Powergen Qadirpur Limited has announced the successful electronic crediting of the final cash dividend for the year ended December 31, 2023, to its shareholders. The dividend, amounting to Rs. 1.50 per share, which translates to a 15.00% payout, was deposited into the designated bank accounts on April 02, 2024. This financial movement pertains specifically to those shareholders who have complied with the company’s requirement of providing an e-mandate with a 24-digit complete MAN number.

Furthermore, the company has adhered to the provisions set forth by the Companies Act, 2017, regarding the withholding of dividends for shareholders lacking in the provision of complete and valid bank account details, including MAN numbers, or those who have not submitted a valid copy of their CNICs. This step ensures compliance with regulatory requirements and enhances the transparency and efficiency of the dividend distribution process.

Engro Powergen Qadirpur Limited’s initiative to credit dividends electronically is a testament to the company’s commitment to leveraging technology for the benefit of its shareholders, ensuring swift and secure transactions. Shareholders who have not yet provided the requisite information are urged to do so in order to facilitate future distributions.