Karachi: Exide Pakistan Limited has successfully credited the final cash dividend for the fiscal year ending March 31, 2024, into the bank accounts of shareholders who provided complete banking information, including 24-digit IBAN numbers. The dividend, announced at Rs. 10 per share, which amounts to a 100% payout, was processed on August 8, 2024.

This electronic distribution is in line with the protocols mandated by the Companies Act, 2017, and the Companies (Distribution of Dividends) Regulations, 2017. According to information available from the Pakistan Stock Exchange (PSX), Exide Pakistan Limited has adhered to these regulations by withholding dividends from shareholders who failed to provide either correct or complete bank details or did not submit a copy of their valid Computerized National Identity Card (CNIC).

Affected shareholders have been advised to contact the company’s share registrars, M/s. THK Associates (Pvt) Limited in Karachi, with their original CNIC and complete banking details, including IBAN, to receive their dividends. This ensures compliance with regulatory requirements and safeguards shareholder interests by ensuring dividends are paid directly to verified accounts, thus enhancing the security and efficiency of the payment process.