Karachi: National Foods Limited (NFL) has declared a final cash dividend of Rs. 5.00 per ordinary share for the fiscal year ended June 30, 2024, which was approved at the 53rd Annual General Meeting held on October 21, 2024. The dividend payment, amounting to Rs. 100.00 million in total, was credited on October 25, 2024, to the designated bank accounts of shareholders who have provided their valid Computerized National Identity Cards (CNICs) and International Bank Account Number (IBAN) details.

In compliance with Section 242 of the Companies Act 2017, NFL has mandated all shareholders to submit their complete bank details, including a 24-digit IBAN and a copy of their valid CNIC, to facilitate the electronic processing of future dividends. According to information available from the Pakistan Stock Exchange (PSX), this requirement aims to streamline financial transactions and enhance transparency in the disbursement of dividends.

Shareholders who have yet to comply with these requirements will continue to see their dividends withheld until the necessary documentation is submitted. The company has directed these shareholders to the official NFL website for accessing the "Form for Dividend Mandate," which can be filled out and submitted to the CDC Share Registrar Services Limited.

This initiative reflects National Foods Limited's commitment to adhering to regulatory standards and ensuring that all dividend payments are made promptly and securely to its shareholders.