Unclaimed Shares and Dividends at IGI Holdings Limited Awaiting Collection

Karachi: IGI Holdings Limited has issued a formal notice to its shareholders regarding unclaimed shares and dividends, which have remained uncollected for more than three years. This notice, mandated by the Companies Act of 2017, specifically sections 72 and 244, aims to prompt shareholders to claim their assets within a stipulated timeframe.

According to information available from the Pakistan Stock Exchange (PSX), IGI Holdings Limited has reported that the details of these unclaimed shares and dividends are listed on their official website under the “Investor-Relations/Notice to Shareholders” section. The company has made efforts to contact eligible shareholders via courier and registered post, directing them to submit their claims within 90 days. These communications were sent to the shareholders’ last known addresses as per the company’s records.

Shareholders are instructed to lodge their claims with the company’s Share Registrar, M/s. FAMCO Share Registration Services (Pvt.) Ltd, located in Karachi. The contact details for FAMCO are available on the IGI Holdings Limited website. If claims are not submitted within the 90-day period following the notice’s publication in the Business Recorder and Nawa-i-Waqt newspapers on August 8, 2024, the company will proceed with the legal steps prescribed by the Act to handle these unclaimed assets.

This situation underscores the importance of maintaining current contact information with share registrars to ensure timely receipt of all shareholder communications and entitlements.

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