National Foods Limited Credits Interim Dividend to Shareholders’ Bank Accounts

Karachi, National Foods Limited has announced the successful credit of an interim cash dividend for the second quarter ended December 31, 2023. The dividend, set at Rs. 1.50 per share, equating to 30% of the share value, was credited directly through electronic mode on March 19, 2024, into the bank accounts of those shareholders who provided their valid Computerized National Identity Cards (CNICs) and International Bank Account Number (IBAN) details.

The company highlighted the mandatory requirement for the provision of IBAN and valid CNIC to comply with Section 242 of the Companies Act 2017 and the Securities and Exchange Commission of Pakistan’s (SECP) notification SRO 1145(1)/2017 dated November 6, 2017. It was noted that the dividend (D-34) was withheld for shareholders who have not yet submitted their complete bank details, including IBAN, along with a copy of a valid CNIC.

Shareholders are urged to submit a valid copy of their CNIC along with their complete bank details, including the 24-digit IBAN, by filling out the “Form for Dividend Mandate” available on the company’s website. This information should be provided to the Company’s Share Registrar, CDC Share Registrar Services Limited, for those with shareholding in physical form, and to Stock Market Brokers for those with shareholding in CDS, to facilitate the electronic credit/payment of cash dividends.

Additionally, shareholders can access the Centralized Cash Dividend Register (CCDR) developed by the Central Depository Company (CDC) via its e-Services web portal. This platform allows shareholders to check the status of their cash dividends, including details on payments, withholdings by the company, total cash dividend amounts, tax and Zakat deductions, and net cash credited to their designated bank accounts.