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Karachi, In a recent meeting held on August 17, 2023, the Board of Directors of Zahur Cotton Mills Limited convened at their Lahore office to discuss various matters related to the company’s future. Following comprehensive deliberations, the Board issued their recommendations pertaining to shareholder entitlements and corporate actions for the upcoming period.
The recommendations include the following:
1. Cash Dividend: The Board has recommended a cash dividend of Nil per share.
2. Bonus Shares: The company will not issue any bonus shares.
3. Right Shares: Zahur Cotton Mills Limited will not be offering any right shares.
4. Any Other Entitlement/Corporate Action: The company has announced Nil for any other entitlement or corporate action.
5. Price-Sensitive Information: No significant price-sensitive information was disclosed in this meeting.
These recommendations reflect the strategic decisions taken by the company’s leadership to enhance shareholder value and ensure transparency in its operations.
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