Unclaimed Shares and Dividends Alert for Shareholders of Sazgar Engineering Works Limited

Lahore, In compliance with the Companies Act, 2017, Sazgar Engineering Works Limited has issued a final notice regarding unclaimed shares and dividends, which are set to vest with the Federal Government if not claimed promptly. This announcement, as mandated under Section 244 of the Act for the financial year 2020-21, targets shares and dividends that have remained unclaimed or unpaid for over three years.

According to the notice, despite efforts to reach shareholders through registered post and an invitation to claim their dues within a specified timeframe, a considerable number of shareholders have yet to respond. Sazgar Engineering Works Limited has thus urged all shareholders who have not claimed their shares or dividends to contact Corptec Associates Pvt. Limited in Lahore within 90 days from the date of this notice. Failure to do so will result in the transfer of unclaimed amounts to the Federal Government as stipulated by Section 244(2) of the Companies Act, 2017.

This call to action serves as a critical reminder for shareholders of Sazgar Engineering Works Limited to safeguard their financial interests by responding to the company’s notice without delay.