Karachi: The Board of Directors of Dawood Lawrencepur Limited, during its meeting on March 17, 2026, has announced several pivotal financial measures, aimed at restructuring and enhancing shareholder value. The meeting, held both in-person at Dawood Centre and via Zoom, saw the board approve an interim cash dividend, a share sub-division, and propose the sale of a significant asset.
The board declared an interim cash dividend of PKR 14 per share, translating to 140%. This entitlement will benefit shareholders recorded in the company’s Register of Members as of March 25, 2026. The company’s Share Transfer Books will be closed on March 26, 2026, to facilitate this dividend distribution.
In a move to enhance liquidity and increase share marketability, the board proposed a sub-division of the company’s shares. This proposal, set to be discussed at the forthcoming Annual General Meeting (AGM) on April 15, 2026, entails reducing the face value of each share from Rs. 10 to Rs. 1, effectively splitting each share into ten. This action necessitates amending the company’s Memorandum and Articles of Association to reflect the new share structure.
The board also put forward a plan to sell the company’s land located at Mahal No. 439/E-B and 445/E-B, Luddan Road, Burewala, targeting a minimum sale price of PKR 13 billion. This proposed sale, pending shareholder approval at the AGM, is intended to be carried out in accordance with Section 183(3)(a) of the Companies Act, 2017. The board will be responsible for identifying a suitable buyer and ensuring the transaction meets all regulatory requirements.
According to information available from the Pakistan Stock Exchange (PSX), these strategic decisions align with the company’s ongoing efforts to optimize asset allocation and enhance shareholder returns. The PSX categorized these moves as significant steps reflecting the company’s proactive management strategy.
These decisions are subject to corporate and regulatory approvals, ensuring compliance with existing governance frameworks. The outcomes of the AGM and subsequent actions will be closely monitored by market participants, given their potential impact on the company’s financial trajectory and market performance.