Karachi: Jahangir Siddiqui & Co. Ltd. has announced the crediting of the final cash dividend for its Class 'A' Preference Shares for the fiscal year ending December 31, 2024. The dividend, set at Rs. 0.6 per preference share, was electronically transferred to the designated bank accounts of preference shareholders on May 02, 2025. This distribution was made to those shareholders who had previously submitted their e-mandate with a complete 24-digit IBAN number.
In compliance with the Companies Act, 2017, the company has withheld dividends from those preference shareholders who have not yet provided their IBAN numbers or a valid copy of their CNICs. These shareholders are encouraged to contact the company's Share Registrars in Karachi to submit their valid CNIC and complete bank details, including their IBAN, to access their entitled dividends.
According to information available from the Pakistan Stock Exchange (PSX), this announcement falls under the designated market category and is expected to impact the company's financial standing. The company has urged the dissemination of this information among relevant stakeholders to ensure all shareholders are duly informed and can take necessary action to claim their dividends.