Karachi: Mari Energies Limited has announced the dispatch of an 800% bonus shares issue following directives from the Islamabad High Court. This development was confirmed in a statement from the company referencing instructions issued on May 23, 2025.

In compliance with the court's directives, Mari Energies has coordinated with the Central Depository Company (CDC) and its Shares Registrar to facilitate the process. The CDC has lifted the lien on shares of shareholders who have met their tax obligations under Section 236Z of the Income Tax Ordinance, 2001. For those shareholders who have yet to pay their tax liabilities, the company will dispose of withheld bonus shares—10% for tax filers and 20% for non-filers—through its investor account. This measure aims to recover outstanding tax liabilities as required by the ordinance.

According to information available from the Pakistan Stock Exchange (PSX), Mari Energies Limited is taking steps to ensure any remaining bonus shares, after settling the tax liabilities, are credited to the CDC accounts of the respective shareholders. The company is working to expedite the completion of this process efficiently.

The designated market category for this announcement is relevant to stakeholders and members of the exchange, who are requested to disseminate the information accordingly.