Ismail Industries Notifies Pakistan Stock Exchange of Dividend Credit to Shareholders

Karachi: Ismail Industries Limited has officially notified the Pakistan Stock Exchange about the credit of its final cash dividend for the fiscal year ended June 30, 2024. The announcement was made through a formal notification to the General Manager of the Pakistan Stock Exchange and other relevant stakeholders, marking a significant update in the company’s financial distributions.

According to the document dated October 23, 2024, Ismail Industries informed that the final cash dividend of 100% (Rs. 10/- per share) was credited to shareholders’ accounts on October 22, 2024, via electronic transfer. This transfer was executed for those shareholders who had provided their valid International Bank Account Numbers (IBAN). The correspondence cited compliance with section 242 of the Companies Act, 2017, and the Companies (Distribution of Dividends) Regulations, 2017.

The letter, signed by Ghulam Farooq, the Company Secretary of Ismail Industries, also highlighted that the dividend information was concurrently published in prominent national newspapers, Business Recorder and Nawai-e-Waqt, on the same day as the notification. The publications detailed the credited dividends and reiterated the call for shareholders who had yet to provide their IBAN for updating their records to ensure they receive future dividends without disruption.

According to information available from the Pakistan Stock Exchange (PSX), the notification serves as a crucial update for TRE Certificate holders and investors, ensuring transparency in the company’s dividend distribution processes. It emphasizes the necessity for shareholders to provide complete banking details to facilitate seamless financial transactions.

The company further addressed any shareholder inquiries to the designated share registrar, THK Associate Private Limited, providing full contact details to ensure all shareholder communications are streamlined and handled efficiently.

This announcement reflects Ismail Industries Limited’s commitment to timely and efficient shareholder communication, adhering to regulatory requirements and ensuring that all financial entitlements are appropriately managed and disbursed.

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