TOWELLERS LIMITED
Notice of Annual General Meeting.
Notice is hereby given that the 50th Annual General Meeting of the Shareholders of Towellers Limited (the company) will be held at registered Office Towellers House WSA, 30-31, Block-1 Federal B Area Karachi on Thursday October 26th 2023 at 3:30 p.m to transact the following business.
ORDINARY BUSINESS:
- To confirm the minutes of the 49th Annual General Meeting held on October 26, 2022.
- To receive consider and adopt Audited Financial Statements of the Company for the year ended June 30th 2023 together with Chairman Review, Directors and Auditors, reports thereon.
- To approve the payment of final cash dividend for the year ended June 30th 2023 @ 100% i.e. PKR 10/- per share. This is in addition to Interim cash dividend already paid at PKR 3/- per share i.e, 30%.
- To appoint Auditors for the year ending June 30, 2024, and to fix their remuneration.
SPECIAL BUSINESS:
- To approve the circulation of the annual financial statements to the members through QR enabled code and weblink by passing an ordinary resolution proposed in the statement of material facts
- To transit any other business with the permission of the Chair.
A statement under Section 134(3) of the Companies Act, 2017 pertaining to the Special Business is being sent to the members with this notice.
By order of the Board
M. Farhan Adil
Company Secretary
Karachi: September 27th 2023.
NOTES:
- The share transfer Books of the Company will remain closed from October 19th 2023 to October 26th 2023 (Both days inclusive). No transfer will be accepted for registration during this period, Transfer received in order at M/s. THK Associates (Private) Limited. 32-C, Jami Commercial Street 2, D.H.A. Phase-VII, Karachi. by close of business on October 18, 2023, will be treated in time for the entitlement and to attend the Annual General Meeting (AGM).
- A member entitled to attend and vote at this meeting may appoint another member as his/her proxy to attend the meeting and vote instead of him/her. Proxies in order to be effective must be received by the Company not later than 48 hours before the meeting. In Case of Corporate entity, the Board Resolution/power of attorney with specimen signature shall be submitted alongwith Proxy Form to the Company. The Form of Proxy in English and Urdu is attached in the Annual Report and download from the Company’s Website i.e, www.towellers.com
- CDC account holders will further have to follow the guidelines as laid down in circular No1, dated January 26, 2000 issued by the SECP.
- Shareholders interested in attending the AGM virtually are registered to ensure their registration by sending their particulars at the designated email www.farhan@towellers.com with the subject “Registration for TOWL AGM” mentioning their name, folio number, email address. The Log-in credentials and Zoom link to participate in the AGM would be provided to the registered shareholders via response email at least 48 hours before the time of AGM. Shareholders can also provide their comments and questions for the agenda items of the AGM at the email address: farhan@towellers.com.
- The members are hereby notified that pursuant to section 143-145 of the Companies Act, 2017 and Companies (Postal Ballot) regulations, 2018 amended through notification dated December 5, 2022 issued by the (SECP), wherein, SECP has directed all the listed companies to provide the right to vote through the electronic voting facility and voting by post to the members on all businesses classified as special business. Members of Towellers Limited will be allowed to exercise their right to vote through electronic voting facility or voting by post for special business in its 50th Annual General Meeting to be held on Thursday, October 26, 2023 at 3.30 p.m. in accordance with the requirements and subject to the conditions contained in the aforesaid Regulations. For the convenience of the shareholders, the Ballot paper is annexed to this notice and the same is also available on the Company’s website at www.towellers.com.
- Details of e-voting facility will be shared through an e-mail with those members of the Company who have their valid CNIC numbers, cell numbers and e-mail addresses available in the register of members of the company by the close of business on October 18, 2023.The web address and login details will be communicated to members via email, security code will be communicated to members through SMS from the web portal of M/s THK Associates (Pvt) limited (being the e-voting service provider). E-Voting lines will start on October 21, 2023 and shall close on October 25, 2023, members can cast their votes at any time during this period.
- The members shall ensure that duly filled and signed ballot paper along with a copy of the (CNIC) should reach the Chairman of the meeting through post on the Company’s registered address, W.S.A. 30,31 Block no. 1 Federal B Area Karachi- 75950 or email at www.farhan@towellers.com by October 25, 2023. The signature on the ballot paper shall match the signature on CNIC.
- As per section 72 of the Companies Act 2017, the company is required to replace its physical shares with the book entry form in a manner as may be specified and from the date notified by the Commission, within a period not exceeding four years from the Commencement of this Act. The shareholders having physical shareholding are encouraged to open account with the Central Depositary Company (CDC) to place their physical share into scrip less form.
- Shareholders, who have not yet submitted photocopy of their valid CNIC to the Company/Share Register, are once again requested to send their CNIC at the earliest directly to Company’s Share Registrar, M/s THK Associates Pvt Limited, Corporate Entities also requested to provide their NTN.
- In accordance with the provisions of section 242 of the Companies Act, 2017 and Companies (Distribution of Dividend) Regulations, 2017 every listed company is required to ensure that the cash dividends to its shareholders shall be paid through electronic mode only directly into their bank accounts designated by the entitled shareholders instead of issuing physical dividend warrants. Therefore, shareholders are requested to provide the details of their Bank mandate to the Company Share Registrar. Those share holders who hold shares with participants/CDC are advised to provide the same to their concerned participant/CDC, please note that as per section 243(3) of the Companies Act, 2017, listed Companies are entitled to withhold payment of dividend, if necessary information is not provided by the shareholders, for the convenience E-Dividend Mandate Form is available on Company’s website. Members who, by any reasons, could not claim their dividends are advised to contact our Share Registrar M/s THK Associates Pvt Ltd to collect/inquire about their unclaimed/unpaid dividends. Members are requested to submit a declaration (CZ-50) to the Share Registrar, before the first day of book closure.
- Pursuant the provisions of Finance Act, 2023 effective July 01, 2023 the rate of deduction of income tax from dividend payment under section 150 of the income tax ordinance, 2001 are as follows (i) for active tax payer :15% (ii) for non-active tax payer : 30%.
- Pursuant to the provisions of section 223(6) of the Companies Act, 2017 the companies are permitted to circulate their Annual Audited Financial statements alongwith Notice of AGM, to its shareholders by e-mail, Physical copy of the Annual Report will be provided to the members on demand. The Annual Report of the Company for the year ended June 30, 2023 is also available on the Company’s Website www.towellers.com.
- Members are requested to have their updated e-mail and cell number incorporated in their physical folio with Share registrar of the Company and with their Participant or Broker/CDC Investor Account Services for shares held in electronic form.
STATEMENT UNDER SECTION 134(3) OF THE COMPANIES ACT, 2017
The Securities and Exchange Commission of Pakistan vide its SRO 389(1)/2023 dated March 21, 2023 has allowed companies to circulate the Annual Audited Financial together with reports thereon to its members through QR-enabled code and weblink. Accordingly, consent of the members is sought and if thought fit to pass the following resolution as a special resolution:
RESOLVED THAT the Company may transmit the Annual Audited Financial Statements to its members through QR-enabled code and weblink address to view and download the Annual Audited Financial Statements instead of transmitting in CD form or in hard copies, as allowed by the Securities and exchange Commission of Pakistan.
None of the Directors have any interest, directly or indirectly, in the aforesaid special business.
TOWELLERS LIMITED
Notice of Annual General Meeting.
Notice is hereby given that the 51st Annual General Meeting of the Company will be held at Towellers House WSA, 30-31, Block-1 Federal B Area Karachi on Friday October 25th 2024 at 3:30 p.m to transact the following business.
ORDINARY BUSINESS:
- To confirm the minutes of the 50th Annual General Meeting held on Thursday October 26, 2023.
- To receive consider and adopt the Audited Financial Statements of the Company for the year ended June 30th 2024 together with Chairman Review, Director’s and Auditor’s reports thereon.
- To elect eight (8) Directors of the Company as fixed by the Board for a term of three years commencing from October, 27th 2024 in accordance with the provision of section 159 of the Companies act, 2017. Names of the present Directors retiring and eligible to file for nomination are as under.
(1)Mahjabeen Obaid (2) Mehreen Obaid Agha (3) Sana Bilal (4) Hadeel Obaid (5) Zeeshan K. Sattar (6) Vally Tariq Rangoonwala (7) Muhammad Sarfraz (8) Niaz Muhammad. - To approve the payment of final Cash dividend for the year ended June 30, 2024 @ 100% i,e. PKR 10/- per share.
- To appoint Auditors for the year 2024-2025 and fix their remuneration.
OTHERS BUSINESS:
- To transit any other business with the permission of the Chair.
Attached to this notice is a statement of material facts as required under section 166(3) of the Companies Act, 2017
By order of the Board
M. Farhan Adil
Company Secretary
Karachi: September 20th 2024.
NOTES:
1. The Share transfer Books of the Company will remain closed from October 18th 2024 to October 25th 2024 (both days inclusive) and no transfer will be accepted for registration.
2. A member entitled to attend and vote at the AGM is entitled to appoint another member as proxy to attend and vote instead of him/her. The instrument appointing a proxy must be received at the registered office of the Company or emailed at farhan@towellers.com not later than 48 hours before the time fixed for AGM.
3. CDC Account Holders will also have to follow the under mentioned guidelines as laid down in Circular 1 dated January 26, 2000 issued by the Securities and Exchange Commission of Pakistan (SECP)
Any Individual Beneficial Owner of CDC, entitled to vote at this Meeting, must bring his/her original Computerized National Identity Card (CNIC) to prove identity, and in case of proxy, a copy of shareholder’s attested CNIC must be attached with the proxy form. Representatives of corporate members should bring the usual documents required for such purpose.
4. The proxy form in English and Urdu languages is attached and the same is also available on the Company website:http//www.towellers.com.
As per the directive issued by Securities and Exchange Commission of Pakistan (“SECP”), the Company has made arrangements of video conference facility to ensure that members can also participate in the AGM via video link.
The members and their proxies who intends to attend the AGM through video-link must register their particulars by sending an email at farhan@towellers.com The members registering to connect through video-link facility are required to mention their name, folio number and number of shares held in their name in the email with subject ‘Registration for towellers AGM’ along with valid copy of their CNIC/Passport. Video link and login credentials will be shared with the members whose emails, containing all the required particulars, are received at the given email address at least 48 (forty eight) hours before the time of the AGM.
.5. The members are hereby notified that pursuant to Companies (Postal Ballot) Regulations, 2018 amended through Notification vide SRO 2192(1)/2022 dated December 05, 2022 issued by the SECP. The SECP has directed all the listed companies to provide the right to vote through electronic voting facility and voting by post to the members on all businesses classified as special business and in case of election of directors. Accordingly, members of Towellers Limited (the Company) will be allowed to exercise their right to vote through e-voting facility or voting by post for the election of directors in its forthcoming Annual General Meeting to be held on Friday October 25th 2024, at 3:30 p.m., in accordance with the requirements and subject to the conditions contained in the aforesaid Regulation.
Detail of E-Voting facility will be shared through e-mail with those members of the company who have valid cell numbers / e-mail addresses available in the Register of Members of the Company on the book closure date, maintained by the Company’s Registrar M/s THK Associate Pvt Ltd (being the e-voting service provider).
For convenience of the Members, ballot paper is annexed to this notice being sent through post and the same is also available on the Company’s websites.
6. Members holding shares in physical form are requested to promptly notify the Shares Registrar of the Company of any change in their addresses or any other particulars. Shareholders maintaining their shares in electronic form should have their address updated with their participant or CDC Investor Accounts Service.
Further, to comply with requirements of Section 119 of the Companies Act, 2017 and Regulation 47 of the Companies Regulations, 2024, all CDC and physical shareholders are requested to ensure that their email address and cell phone numbers are incorporated / updated in their physical folio or CDC account.
7. Submission of copy of CNIC/NTN Certificate (Mandatory):
Please provide valid copy of CNIC/NTN to our Shares Registrar, in case of physical shareholders and in case of CDC account to its Participant/Investor Account Services.
In case of non-availability of CNIC/NTN of shareholders, the Company will be constrained to withhold payment of dividend to shareholders as per Section 243 of the Companies Act, 2017 and Regulation No. 6 of the Companies (Distribution of Dividend) Regulations, 2017.
8. Shareholders, who by any reason, could not claim their dividend or did not collect their physical shares, if any, are advised to contact our Share Registrar to collect/enquire about their unclaimed dividend or pending shares.
As per section 72 of the Companies Act, 2017, every listed company is required to replace its physical shares with book-entry form in a manner as may be specified and from the date notified by the Commission. SECP has directed all the listed companies to pursue its shareholders for conversion of their physical securities into book-entry form. In light of the aforementioned directives, the shareholders are encouraged to open CDC accounts with CDS participant/CDC Investor Account Services and convert their existing physical securities into book-entry form.
9. The Securities and Exchange Commission of Pakistan vide SRO No. 389(1)/2023 dated March 21, 2023, has allowed listed companies to circulate their Annual Audited financial statements (i.e. the Annual Balance Sheet and Profit or Loss Account, Auditors Report and Directors report) to its members through QR enabled code and web-link, which is given below:
Pursuant to the approval of shareholders, the Annual Audited financial statements of the Company for the year ended June 30, 2024 are being circulated to the members through QR enabled code and web-link. However, shareholder may request to provide a hard copy of Annual Accounts.
Those shareholders who desire to receive the Company’s Annual Audited Financial Statements through e-mail are requested to fill the requisite form available on Company’s website i.e. www.towellers.com
In accordance with the provisions of Section 223(7) of the Companies Act, 2017, the audited financial statements of the Company for the year ended June 30, 2024 are available on the Company’s website i.e. www.towellers.com
In case of non-receipt of IBAN detail, the Company will be constrained to withhold payment of dividends under the companies (Distribution of Dividends) Regulations, 2017.
UNCLAIMED DIVIDENDS AND SHARES (IMPORTANT & MANDATORY)
Shareholders of the Company are hereby informed that as per the record, there are some unclaimed/unclaimed/uncollected / unpaid dividends and shares. Shareholders who could not collect their dividends/shares are advised to contact the Nestle Share Registrar, CCCSRSL to collect/enquire about their unclaimed dividends or shares, if any In compliance with Section 244 (2) of the Companies Act, 2017, after having completed the stipulated procedure, of three (3) years or more from the date due and payable, shall be deposited to the credit of the Federal Government in case of unclaimed dividend and in case of shares, shall be delivered to SECP.
PAYMENT OF CASH DIVIDEND THROUGH ELECTRONIC MODE: (MANDATORY)
Pursuant to Section 242 of the Companies Act, 201, all listed companies are obligated to distribute cash dividends solely through electronic means, directly to shareholders’ designated bank accounts. Shareholders seeking direct deposit are required to complete the ELECTRONIC CREDIT MANDATE FORM available on the Company’s website and submit it, along with a signed copy of their CNIC, to the Share Registrar M/s THK Associates (Private) Limited for physical shares or to their broker/participant/CDC account services for shares held in CDC.
Conversion of Physical Shares into the Book Entry Form:
The SECP through its letter No. CSD/ED/Misc/2016-639-640 dated March 26, 2021 has advised listed companies to adhere to provisions of Section 72 of the Companies Act, 2017 by replacing physical shares issued by them into book entry form.
The shareholders of the Company having physical folios / share certificates are requested to convert their shares from physical form into book-entry form as soon as possible. The shareholders may contact their Broker, CDC Participant or CDC Investor Account Service Provider for assistance in opening a CDS Account and subsequent conversion of the physical shares into book-entry form. For information and assistance, the shareholders may contact our Share Registrar, THK Associates (Private) Limited.
Deduction of Income Tax from Dividend under Section 150
Pursuant to the provisions of the Finance Act, effective July 1, 2024, the rates of deduction of withholding tax from dividend payments under the Income Tax Ordinance are as under:
| Category | Tax Rate |
|---|---|
| For filers of income tax returns | 15% |
| For non-filers of income tax returns | 30% |
To enable the Company to make tax deduction on the amount of cash dividend @ 15% instead of 30% all the shareholders whose names are not entered into the Active Taxpayers List (ATL) provided on the website of FBR, despite the fact that they are filers, are advised to make sure that their names are entered into ATL before the date for payment of any cash dividend otherwise tax on their dividend will be deducted @30% instead of 15%.
Further, according to clarification received from Federal Board of Revenue (FBR), withholding tax will be determined separately on ‘Filer/Non-Filer’ status of Principal shareholder as well as Joint-holder(s) based on their shareholding proportions, in case of joint accounts.
INFORMATION ABOUT SCRUTINIZER:
According to Regulation 4(4) and 11 of the Companies (Postal Ballot) Regulations 2018, the following information is being provided to the members about the scrutinizer for the upcoming Annual General Meeting to be held on October 25th 2024.
Non-resident shareholder(s) shall submit declaration of undertaking with copy of valid passport under definition contained in Section 82 of the Income Tax Ordinance, 2001 for determination of residential status for the purposes of tax deduction on dividend to the Company Share Registrar’s M/s Associates (Private) Limited Share Registrar Service Pvt. Ltd. or email at farhan@towellers.com
Any member who seeks to contest the election of directors shall file with the Company at its Registered office not later than 14 days before the date of the meeting (a) content to act as director (if elected) in terms of Section 167 of the Companies Act, 2017 (b) a detailed profile along with office address and contact information for placement on the Company’s website seven days prior to the date of election (c) declaration in respect of being compliant with the requirements of the listed Companies (Code of Corporate Governance) Regulations, 2019 and the eligibility criteria as set out in the Companies Act, 2017.
Notice of his/her intention to offer himself/herself for election as a Director under Section 159(3) of the Companies Act. 2017 the (“Act”), selecting any one category stated below in which he/she intends to contest, in accordance with the amendments by the SECP in Regulation 7A of the Listed Companies (CCG) Regulations, 2019 through S.R.O 906(1)2023 dated 07-07-2023
- The election of female directors
- Independent directors
- Other directors
Statement of Material Facts under Section 166(3) of the Companies Act, 2017.
Independent directors shall be elected in the same manner as other directors are elected in terms of section 159 of the Companies Act, 2017. It will be ensured that the persons contesting as independent directors must meet the criteria under section 166 of the Companies Act, 2017 and possess the requisite competencies, skills, knowledge and experience.
Undertaking on non-judicial stamp paper that he/she meets the requirements of Regulation 4(1) of the Companies (Manner and Selection of Independent Directors) Regulations, 2018.
In terms of Section 159(1) of the Companies Act, 2017 (the “Act”), the directors have fixed the number of elected Directors at eight (8) to be elected in the AGM for a period of three years.
The present Directors are interested to the extent that they are eligible for re-election as Directors of the Company.
Zakat Declaration
Members desiring non-deduction of zakat are requested to submit a valid declaration for non-deduction of Zakat.
The Company has circulated Audited Financial Statements to its members through QE-enabled code with weblink at their registered email addresses. Printed copy of the same can be provided to the members upon request. The Audited Financial Statements of the Company for the year ended June 30, 2024 have also been available on the Company’s website www.towellers.com
TOWELLERS LIMITED
Notice of Annual General Meeting.
Notice is hereby given that the Fifty Second 52nd Annual General Meeting of the Shareholders of Towellers limited will be held on Tuesday October 28th 2025 at 3:30 p.m at the Registered Office of the Company at W.S.A. 30-31, Block #1, Federal B Area Karachi and through video Link facility to transact the following business:
ORDINARY BUSINESS:
- To confirm the minutes of the 51st Annual General Meeting held on October 25th 2024.
- To receive and adopt the Audited Statements of Accounts for the year ended June 30th 2025 together with Chairman Review, Director’s and Auditor’s reports thereon.
- To appoint Auditors for the ensuing year and fix their remuneration.
OTHERS BUSINESS:
- Any other business with the permission of the Chair.
By order of the Board
M. Farhan Adil
Company Secretary
Karachi: September 25th 2025.
NOTES:
- The Share Transfer Books of the Company will remain closed from October 21st 2025 to October 28th 2025 (both days inclusive). Transfers received in order at the office of the Company’s Share Registrar M/s THK Associates (Pvt) Limited, 32-C, Jami Commercial Street 2, D.H.A Phase V11, Karachi, 75950 by close of business on Monday 20th, October 2025 will be treated as being in time to attend and vote at the meeting.
- A member entitled to attend and vote at this AGM may appoint another member as his/her proxy to attend the meeting and vote instead of him/her, Proxies in order to be effective must be received by the Company not later than 48 hours before the meeting or emailed at farhan@towellers.com. Form of proxy is annexed to this notice and attached in the Annual Report, which is also available on the Company’s website.
- CDC Account Holders will further have to follow the under mentioned guidelines as laid down in Circular # 1 dated January 26, 2000 issued by the Securities and Exchange Commission of Pakistan.
- In order to maximize the member’s participation, the company is convening this AGM via video link in addition to holding physical meeting with shareholders .Accordingly those members and participants who desire online participation in the AGM are requested to register themselves by sending an email along with following particulars and valid copy of their CNIC at farhan@towellers.com with subject of “Registration for TOWL AGM 2025 not less than 48 hours before the time of the meeting. Name of Shareholder, CNIC No, Folio No/CDC Account No, Mobile No, Email Address. Video Link to join the AGM will be shared with only those members whose emails, containing all the required and correct particulars, are received at farhan@towellers.com.
- Under the second provision of Section 242 of the Companies Act, 2017, listed companies are required to pay cash dividend to its shareholders only through electronic mode directly into bank account designated by the entitled shareholders. Accordingly, the Shareholders are requested to fill in Electronic Credit Mandate Form available on Company’s website and send the duly signed form along with a copy of CNIC/NTN to our Share Registrar in case of physical shares. In case shares held in CDC then Electronic Credit Mandate Form must be submitted directly to shareholders broker/participant/CDC account services. In case of non-receipt of IBAN detail, the Company will be constrained to withhold payment of dividend under Companies (Distribution of Dividend) Regulations, 2017.
- Shareholders, who by any reason, could not claim their dividend/shares if any are advised to contact our Share Registrar to collect/enquire about their unclaimed dividend/shares, if any.In compliance with Section 244 of the Companies Act, 2017, after having completed the stipulated procedure, all such dividend outstanding for a period of 3 years or more from the date due and payable shall be deposited to the Federal Government in case of Unclaimed dividend and in case of shares, shall be delivered to the SECP.
- The SECP through its letter No. CSD/ED/Misc/2016-639-640 dated March 26, 2021 has advised listed companies to adhere to provisions of Section 72 of the Companies Act, 2017 by replacing physical shares issued by them into book entry form, shareholders, who hold physical shares, are advised to convert their shares into electronic form in terms of section 72 of the Companies Act, 2017.
- The Company has circulated Audited Financial Statements to its members through QR-enabled code with weblink at their registered email addresses,. Printed copy of the same can be provided to the members upon request. The Audited Financial Statements of the Company for the year ended June 30, 2025, have also been available on the Company’s website .
- Pursuant to the provisions of Income Tax Ordinance, 2001, different rates are prescribed for deduction of withholding tax on the amount of dividend paid by the companies, as under:
| Category | Tax Rate |
|---|---|
| For filers of income tax returns | 15% |
| For non-filers of income tax returns | 30% |
- To comply with various statutory requirements, and to avoid any non- compliance of law in future, all shareholders are hereby advised to coordinate/update their records with their respective Participants/CDC Investor Account Services /Share Registrar are as under: Submission of copies of their valid/updated CNIC/NTN/Zakat Declaration/Exemption Form/Tax Exemption Certificate, valid bank Account detail/IBAN for future cash Dividend, In terms of section 119 of the Companies Act 2017 and Regulation 47 of the Companies Regulations, 2024, including Mobile Number/ Land line Number and email Address, Promptly notify any change in mailing address, by writing to the office of Towellers Share Registrar.
- No gifts /coupons shall be distributed during the Annual General Meeting, through its Circular 2 of 2018 dated February 9, 2018/ or vide its S.R.O. 452(1)/2025 dated March 17, 2025.
March 2nd 2026
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi
Dear Sir,
Notice for Unclaimed Dividend Under Section 244 of the Companies Act, 2017
Please find enclosed a copy of the notice for Unclaimed Dividend under section 244 of the Companies Act, 2017. The notice is scheduled to be published in the newspapers on today in daily Business Recorder (English) and Nai-Baat (Urdu) combined editions.
You may please inform the TRE Certificate Holders of the Exchange accordingly.
Yours sincerely,
__________________
M. Farhan Adil
Company Secretary
C.C. The Director / HOD
Surveillance supervision & Enforcement
Securities Exchange Commission of Pakistan
NIC Building 63, Jinnah Avenue,
Islamabad.
March 12th 2025
The General Manager
Pakistan Stock Exchange Limited
Stock Exchange Building
Stock Exchange Road
Karachi
Dear Sir,
Notice for Unclaimed Dividend Under Section 244 of the Companies Act, 2017
Please find enclosed a copy of the notice for Unclaimed Dividend under section 244 of the Companies Act, 2017. The notice is scheduled to be published in the newspapers on today in daily Business Recorder (English) and Nai-Baat (Urdu) combined editions.
You may please inform the TRE Certificate Holders of the Exchange accordingly.
Yours sincerely,
__________________
M. Farhan Adil
Company Secretary
C.C. The Director / HOD
Surveillance supervision & Enforcement
Securities Exchange Commission of Pakistan
NIC Building 63, Jinnah Avenue,
Islamabad.
November 7th, 2024 FORM-10
The General Manager
Pakistan Stock Exchange Ltd.
Stock Exchange Building
Stock Exchange Road.
Karachi
Subject: Credit of Final Cash Dividend.
Dear Sir
We are pleased to inform you that the final cash dividend @ Rs.8 per share, i.e. 80% for the year ended 30-06-2024 has been credited electronically into the designated bank accounts of the shareholders of the Company on November 7th 2024.
You may please inform the TRE Certificate holders of the exchange.
Thanking You
Yours Faithfully,
__________________
M. Farhan Adil
Company Secretary
C.C. The HOD
Securities and Exchange Commission of Pakistan
NIC Building 63, Jinnah Avenue,
Islamabad.
NIL
