Karachi: At the recent meeting held on September 25, 2025, the Board of Directors of Burj Clean Energy Modaraba (BCEM), managed by Burj Modaraba Management Company (Private) Limited, reported a net profit of PKR 43.03 million for the financial period ending June 30, 2025. Additionally, the Board sanctioned a cash dividend of 3.9%, translating to PKR 0.39 per certificate of PKR 10 each for the same period.
According to information available from the Pakistan Stock Exchange (PSX), the announcement comes ahead of the first Annual Review Meeting (ARM) for BCEM certificate holders, scheduled for October 28, 2025, at 10:30 a.m. This meeting will take place at the Ramada Karachi Creek, with provisions for both in-person and electronic attendance via a video link. This hybrid format aims to accommodate the diverse needs of certificate holders, allowing them to participate in reviewing the Modaraba’s performance for the year ended June 30, 2025.
Certificate holders intending to join the meeting through video conference must register by October 20, 2025, and provide required identification and contact details through the designated email. This registration process is designed to ensure secure and smooth access to the meeting for all participants. The necessary financial statements, as mandated by the Companies Act 2017, have been made available online for the certificate holders.
The dividend distribution process is subject to compliance with the Securities and Exchange Commission of Pakistan’s directives, requiring electronic transfers directly into the bank accounts of certificate holders. Those without updated details risk having their dividends withheld. The tax implications on dividend income, guided by the Finance Act, 2025, stipulate a withholding tax rate of 15% for filers and 30% for non-filers. Joint certificate holders are advised to update their holding proportions to ensure accurate tax deductions.
In line with regulatory updates, BCEM has facilitated the transmission of annual financial statements via email, aligning with SECP directives to enhance digital communication with certificate holders. Those preferring this method are encouraged to submit their consent through the available form on the Modaraba’s website.
The careful orchestration of the ARM and the accompanying financial disclosures reflect BCEM’s commitment to transparency and compliance in its operational and financial undertakings within the designated market category.