Interloop Limited Announces Interim Dividend, Bonus Shares, and Approves Annual Budget

Related Articles

PM Expresses Satisfaction Over SBP Reserves Reaching Historic High of $21.4b

3 days ago

No One Permitted to March on Islamabad, Declares Mohsin Naqvi

3 days ago

Karachi, In a recent meeting held on June 09, 2023, at Faisalabad, the Board of Directors of Interloop Limited has made significant announcements.

CASH DIVIDEND:

Interloop Limited has declared an Interim Cash Dividend for the year ending June 30, 2023. The dividend will amount to Rs. 3.0/- per share, reflecting a generous payout of 30% to the shareholders.

BONUS SHARES:

In addition to the cash dividend, Interloop Limited has also announced the issuance of Interim Bonus Shares. Shareholders will receive 50 additional shares for every 100 shares held, resulting in a bonus share ratio of 50%.

APPROVAL OF ANNUAL BUDGET:

During the meeting, the Board of Directors reviewed and approved the Annual Budget of the company for the upcoming fiscal year 2023-24. The budget sets the financial plan and outlines the strategic direction of Interloop Limited for the coming year.