Faisalabad: Interloop Limited has initiated a process to notify its shareholders regarding unclaimed dividends that have remained uncollected for a period of three years. Pursuant to Section 244 of the Companies Act, 2017, the company has dispatched a ninety-day notice to all affected shareholders to file their claims for dividends identified as D-6 and D-7.

The notice, sent via courier service, mandates shareholders to respond within the stipulated time frame to avoid the transfer of unclaimed funds to the Federal Government of Pakistan. The unclaimed dividends, which are detailed on the company’s website, are subject to the provisions set by the Companies Act, requiring a final notice to be published in newspapers if claims are not filed within the designated period.

According to information available from the Pakistan Stock Exchange (PSX), the notice aims to inform certificate holders and concerned shareholders about the necessary actions required to reclaim their dividends. Interloop Limited has provided contact details for its registered office in Faisalabad and its Shares Registrar in Karachi for shareholders to submit their claims.

In the absence of claims by the deadline, the company will proceed with depositing the unclaimed amounts with the Federal Government, following the issuance of a final notice in local newspapers. The information regarding unclaimed dividends can be accessed on the company’s official website, urging shareholders to take prompt action.