FEROZE1888 MILLS ISSUES FINAL NOTICE ON UNCLAIMED SHARES AND DIVIDENDS

Karachi: Feroze1888 Mills Limited has issued a final notice regarding unclaimed shares and dividends, as stipulated under Section 244 (1) (b) of the Companies Act, 2017. This notice, published in “The Nation” and “Roznama Dunya” on 16 August 2024, marks a significant compliance measure by the company.

The notice alerts shareholders that certain shares and dividends have remained unclaimed or unpaid for three years and are now due for processing. Shareholders are urged to submit their claims within ninety days from the publication of the notice. The details of these unclaimed shares and dividends are available on the company’s official website.

According to information available from the Pakistan Stock Exchange (PSX), this action is a routine compliance measure to ensure that all shareholders are afforded the opportunity to claim what is rightfully theirs before the company takes further steps as prescribed by the law.

The company has reached out to shareholders via registered post at their last known addresses, requesting them to respond to this notice by contacting the company’s Share Registrar. In cases where no claim is received within the specified period, Feroze1888 Mills will proceed with the next steps as outlined in the Companies Act.

This move underscores Feroze1888 Mills’ commitment to adhering to legal standards and ensuring that all stakeholders’ rights are respected and processed in a timely manner.

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