Karachi, Engro Polymer and Chemicals Limited has declared its Second Interim Cash Dividend for the year ending December 31, 2023. The dividend payout stands at Rs. 1.50 per share for Ordinary Shares, equaling 15.00%, and Rs. 0.50 per share for Preference Shares, equivalent to 5.00%.

The company disbursed the dividend on August 30, 2023, directly into the designated bank accounts of eligible shareholders who had previously provided an e-mandate with a complete 24-digit IBAN number. This efficient electronic payment method ensures a seamless and timely distribution of dividends to deserving shareholders.

However, it's important to note that in compliance with the Companies Act, 2017, Engro Polymer and Chemicals has temporarily withheld dividends for shareholders who have not yet furnished their IBAN numbers and/or valid copies of their CNICs to the company. This measure is taken to maintain regulatory compliance and ensure accurate and secure dividend disbursements.

Engro Polymer and Chemicals Limited remains committed to delivering value to its shareholders and fostering transparency in its operations. This dividend announcement reflects the company's dedication to rewarding its investors and upholding the highest standards of corporate governance.