Karachi: Sazgar Engineering Works Limited has issued a final notice concerning unclaimed shares and dividends, which are set to vest with the federal government under Section 244 of the Companies Act, 2017. The notice was released on February 20, 2025, and it aligns with the statutory requirements outlined in section 244 (1)(iii)(b) of the Companies Act.

The company has disseminated copies of this notice for publication in both daily English and Urdu newspapers. This move is a part of the compliance process to ensure that shareholders are informed and have the opportunity to claim their shares and dividends before they are transferred to the government.

According to information available from the Pakistan Stock Exchange (PSX), the decision to issue a final notice is in line with the regulatory framework governing companies in the country. The notice serves as a reminder to shareholders to act promptly in claiming their entitlements.

Sazgar Engineering's adherence to the Companies Act underscores the importance of regulatory compliance and the mechanisms in place to manage unclaimed financial assets. The firm's actions are part of a broader effort to ensure transparency and accountability within the designated market category.