Karachi: AGP Limited has successfully credited an interim cash dividend of Rs. 2.00 per share, representing a 20% payout for the half-year period ending June 30, 2026, into the bank accounts of eligible shareholders. This financial transaction, approved by the company's Board of Directors on August 21, 2026, was completed over two days, September 8 and 9, 2026. The company disclosed this information in a notice published in The Nation and Nawa-i-Waqt on September 10, 2026.
The dividend payments have been electronically transferred to shareholders who submitted their Computerized National Identity Card (CNIC) and bank details, including the International Bank Account Number (IBAN). However, dividends for shareholders who have not provided complete documentation have been withheld. This action complies with Section 242 of the Companies Act, 2017, and Regulation 6 of the Companies (Distribution of Dividends) Regulations, 2017.
According to information available from the Pakistan Stock Exchange (PSX), AGP Limited's decision to credit dividends electronically aligns with industry practices, ensuring prompt and secure transactions for shareholders. For those shareholders who have not yet received their dividends, the company advises that they submit the necessary details, including a valid CNIC and complete bank information, to the company's Shares Registrar, CDC Share Registrar Services Limited, located in Karachi. Alternatively, shareholders holding shares through CDC are encouraged to provide the required details to CDC Investor Account Services or through their brokers.
This development marks a significant move in AGP Limited's ongoing efforts to ensure compliance and shareholder satisfaction, reinforcing its commitment to transparent and efficient financial practices in the market.