Karachi: Stylers International Limited has electronically credited an interim cash dividend at a rate of PKR 0.25 per share, equivalent to 2.5%, into the designated bank accounts of its shareholders. The dividend pertains to the nine-month period ending on March 31, 2025, and the transaction was completed on May 15, 2025.
The distribution of dividends is conducted in compliance with Regulation No. 4 and 6 of the Companies (Distribution of Dividends) Regulations, 2017, and section 242 of the Companies Act, 2017. The company has withheld dividend payments for shareholders who have not provided valid International Bank Account Numbers (IBAN) and Computerized National Identity Cards (CNIC). These withheld dividends will be managed according to the relevant laws and regulations.
According to information available from the Pakistan Stock Exchange (PSX), Stylers International Limited is categorized under the textiles sector and maintains stringent adherence to regulatory requirements concerning dividend distribution.
Shareholders are advised to ensure their banking and identification details are updated with the company to facilitate future transactions without delay. The company's commitment to regulatory compliance underscores its operational practices.