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Karachi, Exide Pakistan Limited has successfully credited a cash dividend of Rs. 10 per share, totaling 100% for the fiscal year ending March 31, 2023, into the bank accounts of its shareholders. The electronic transfer of dividends was completed on August 30, 2023, benefiting shareholders who had provided valid e-mandate instructions with 24-digit complete IBAN numbers.
In accordance with the legal requirements outlined in the Companies Act, 2017, and Companies (Distribution of Dividends) Regulations, 2017, the company has withheld dividends from shareholders who either furnished incorrect or incomplete bank account information or failed to provide their valid Computerized National Identity Card (CNIC) copies.
For shareholders who have not yet received their dividend entitlement, Exide Pakistan Limited advises them to contact the company’s Share Registrars, M/s. THK Associates (Pvt.) Limited, located at Plot No. 32-C, Jami Commercial Street – 2, D.H.A, Phase VII, Karachi. To expedite the release of their dividend, shareholders should bring their original CNIC and ensure that they provide complete bank details, including their IBAN.
Exide Pakistan Limited’s efforts to ensure proper dividend distribution align with its commitment to transparency and regulatory compliance. The company remains dedicated to delivering value to its shareholders while upholding the highest standards of corporate governance and financial accountability.
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