Karachi: Avanceon Limited has successfully distributed the final cash dividend to its shareholders for the financial year ending December 31, 2025. The company confirmed that the dividend, amounting to Rs. 1 per share or 10%, was credited electronically into the bank accounts of shareholders who have completed the necessary e-mandate process with their 24-digit International Bank Account Numbers (IBAN). This transaction was finalized on June 9, 2026.
According to information available from the Pakistan Stock Exchange (PSX), Avanceon Limited adhered to the statutory requirements set out by the Companies Act, 2017. The company has withheld dividends from shareholders who have yet to submit their IBAN numbers and a copy of their Computerized National Identity Card (CNIC).
The company’s decision to enforce compliance with the Companies Act, 2017, underscores its commitment to regulatory adherence while ensuring timely dividend distribution to its stakeholders. As the designated market category reflects, this measure aligns with the broader financial governance practices in place within the industry.