AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Faisalabad, In compliance with Section 244 of the Companies Act, 2017, Interloop Limited has issued a notice urging shareholders to file claims for unclaimed dividends (D-4 & D-5) within a ninety-day period. This action follows the directive that dividends unclaimed for three years from the date of entitlement be transferred to the Federal Government of Pakistan, post a 90-day notification period to the shareholders.
The company has dispatched notices via courier service to shareholders with dividends unclaimed for the stipulated three-year period, inviting them to submit their claims for the respective dividends. A detailed notice, including Annexure-A, has been shared for the record and information of the shareholders, highlighting the urgency and the process for claiming the dividends.
Shareholders have been informed to direct their claims to the company’s registered office in Faisalabad or the company’s Shares Registrar in Karachi within the specified 90-day window. Following this period, and after a final notice is published in newspapers, unclaimed dividends will be transferred to the Federal Government as mandated by law.
The addresses for the company’s registered office and Shares Registrar, along with contact details, have been provided to facilitate shareholders in filing their claims. Further details regarding the unclaimed dividends are accessible on Interloop Limited’s official website.
This move emphasizes the company’s commitment to ensuring rightful ownership of dividends and adherence to statutory requirements, safeguarding the interests of its shareholders and the regulatory framework.