Karachi: Towellers Limited has issued a notice regarding unclaimed dividends in accordance with Section 244 of the Companies Act, 2017, as published in today’s editions of the Business Recorder and Nai-Baat. This notice serves as an announcement to shareholders who have not claimed their dividends, declared by the company three years ago, to contact the company's share registrar in Karachi.
The unclaimed dividends, which have remained unpaid for three years, are detailed on Towellers Limited's official website. Shareholders are advised to submit their claims within a ninety-day period from the date of this notice’s publication. Failure to do so will result in the company proceeding in compliance with the legislative stipulations.
According to information available from the Pakistan Stock Exchange (PSX), Towellers Limited is categorized under the textile sector. Shareholders are encouraged to act promptly to ensure they receive their entitled dividend payments. The company has reiterated its commitment to adhering to statutory requirements regarding unclaimed financial entitlements to its shareholders.