Karachi: Nimir Industrial Chemicals Limited has announced an interim dividend for the half-year period ending December 31, 2024, marking a significant financial update for shareholders. The announcement, made on February 14, 2025, details a dividend payout of Rs. 2.00 per share, representing a 20% return for shareholders. This interim dividend will be distributed to shareholders listed in the company’s register of members by the close of business on February 28, 2025.

To facilitate this process, the company has declared a Book Closure Period, where the share transfer books will be closed from March 01, 2025, to March 03, 2025, inclusive. This period is crucial to determine the entitlements of the interim dividend. The notice regarding this closure will be published in The Observer Pakistan and Asas newspapers, which are widely circulated in Karachi, Lahore, and Islamabad, on February 15, 2025.

According to information available from the Pakistan Stock Exchange (PSX), this initiative is a part of Nimir Industrial Chemicals Limited’s compliance with Rule 5.6.4 of the PSX regulations. The company has also urged TRE certificate holders to note this update and has requested shareholders who have not submitted valid copies of CNIC, NTN, Zakat, and Tax Exemption Certificates to do so promptly. These documents should be sent to the company’s Shares Registrar, Mis Corplink (Pvt.) Limited, located in Lahore.

Further, shareholders are advised to notify any changes in their address to the company’s Share Registrar to ensure seamless communication. In line with Section 242 of the Companies Act 2017, regarding the electronic transfer of cash dividends, shareholders are also requested to update their IBAN details with the respective participants or the Shares Registrar.

This announcement is a key development in the designated market category, reflecting Nimir Industrial Chemicals Limited’s commitment to maintaining transparency and timely communication with its investors and regulatory bodies.