Karachi: Azgard Nine Limited has announced the completion of its third installment payment for outstanding preference shares, a development communicated to the Pakistan Stock Exchange Limited on January 19, 2024. This installment pertains to shareholders holding more than 2,500 outstanding or overdue preference shares, with a due date set for June 30, 2025.

The approval for the settlement plan was granted by the preference shareholders on January 18, 2024. According to information available from the Pakistan Stock Exchange (PSX), this payment is part of a broader effort by Azgard Nine Limited to address overdue financial obligations to its preference shareholders.

The move by Azgard Nine Limited highlights the company’s adherence to its financial commitments and its ongoing efforts to settle outstanding debts in accordance with the approved plan. The settlement plan aims to ensure that shareholders receive their due payments in a timely manner, thereby reinforcing investor confidence in the company's financial management.

Azgard Nine Limited operates within the designated market category of the Pakistan Stock Exchange, reflecting its status as a significant player in its sector. The recent payment installment represents a step forward in the company’s strategy to manage its financial obligations efficiently.