Karachi: Security Papers Limited has declared a final cash dividend of Rs 10.00 per share for the year ended June 30, 2024, which is a 100% return on the face value of shares, following an earlier interim dividend of Rs 2.50 per share.

According to information available from the Pakistan Stock Exchange (PSX), the total distribution for the year amounts to Rs 12.50 per share, marking a significant return to shareholders amidst the financial activities of the year. This final dividend was credited to shareholders’ accounts on October 4, 2024, providing a boost to investor returns.

The company has adhered to regulatory requirements by ensuring that all dividends were credited through electronic bank transfers to shareholders who provided validated banking and CNIC details as mandated under the Companies Act, 2017 and the Companies (Distribution of Dividend) Regulations, 2017. Security Papers Limited has emphasized its commitment to compliance and transparency in shareholder communications.

For shareholders who have not yet submitted their CNIC and bank details, the company has withheld the dividend release. Security Papers Limited has urged these shareholders to contact their Share Registrar, FAMCO Share Registration Services, to update their records and facilitate the release of their dividends.