Karachi: Shareholders of Clover Pakistan Limited have been notified of the release of previously withheld bonus shares, as per the company's announcement on November 10, 2026. The company has distributed the remaining 10% to 20% of the 15% bonus shares, excluding fractional entitlements, that had been withheld under Section 236Z of the Income Tax Ordinance, 2001. The release was finalized on November 5, 2026.

The company has credited the bonus shares to the accounts of CDC shareholders within the Central Depository System of the Central Depository Company of Pakistan Limited. Meanwhile, physical shareholders have received their bonus share certificates via courier to their registered addresses. Only those shareholders who paid the requisite tax and provided proof of payment by October 21, 2026, have received the shares.

According to information available from the Pakistan Stock Exchange (PSX), the shares were withheld due to the withholding tax obligations on bonus shares as stipulated by the Income Tax Ordinance. Shareholders who failed to submit proof of tax payment by the specified deadline have had their shares managed in accordance with the provisions of Section 236Z of the ordinance.

This release is a significant development for shareholders, ensuring that those meeting tax obligations receive their entitled shares. The designated market category for this information remains focused on the shareholders and investors of Clover Pakistan Limited.