Packages Limited Issues Notice to Shareholders Regarding Unclaimed Shares and Dividends

Karachi: Packages Limited has issued a notice to shareholders concerning unclaimed shares and dividends, which have remained uncollected for over three years. In accordance with Section 244 of the Companies Act, 2017, the company has made the announcement ahead of the notice's publication in two local newspapers, Business Recorder and Nawa-i-Waqt, scheduled for August 9, 2025.

The company has detailed that the unclaimed shares and dividends are listed on its website under the "Investor-Relations/Shareholder-Information" section. Registered notices have previously been dispatched to shareholders' last known addresses, urging them to submit their claims within a ninety-day period. The company is adhering to Clause 5.6.9 (b) of the Pakistan Stock Exchange (PSX) Rule Book as part of this compliance process.

According to information available from the Pakistan Stock Exchange (PSX), Packages Limited is actively inviting shareholders, who have not yet responded, to lodge their claims within ninety days following the notice's publication. Failure to submit claims within this timeframe will lead the company to take further action in line with the prescribed provisions of the Companies Act.

Packages Limited has appointed FAMCO Share Registration Services (Pvt.) Limited as the designated entity to handle these claims. The company is taking these steps to ensure compliance with the legal requirements and to facilitate shareholders in reclaiming their due shares and dividends.