Karachi: Bestway Cement Limited has announced that it has credited an interim cash dividend of Rs. 10 per share, which equates to 100% for the fiscal year ending on June 30, 2026, into the designated bank accounts of its shareholders. The announcement follows the decision made by the Board of Directors during a meeting held on October 15, 2025. The dividend was credited on November 7, 2025.
According to information available from the Pakistan Stock Exchange (PSX), the crediting of dividends is in compliance with PSX Regulation 5.6.10. This regulation mandates that the interim cash dividend must be credited to shareholders within ten working days from the commencement of the closure of the transfer of books, which is announced to determine the entitlement of dividends. This requirement aligns with Rule 3 of the Companies (Distribution of Dividends) Regulations, 2017, as well as Sections 242 and 243 of the Companies Act, 2017.
The company is obligated to inform the exchange immediately upon crediting the dividend to shareholders’ bank accounts. Failure to comply with PSX Regulation 5.6.10 could result in a fine, as stipulated in PSX Regulation 5.21.1. Furthermore, any actions under the PSX Regulations are without prejudice to any other measures taken by other individuals or authorities.
Bestway Cement Limited’s adherence to these regulations reflects its commitment to maintaining transparency and compliance with the market rules. The dividend announcement plays a significant role in the designated market category, reinforcing the company’s position in fulfilling its obligations to its shareholders.