Karachi: Hoechst Pakistan Limited has announced the electronic crediting of an interim cash dividend for the first half of the year ended June 30, 2024. Shareholders received Rs. 25.00 per share, which amounts to a 250% dividend, as confirmed by the Board of Directors during their meeting on August 22, 2024.

The dividend distribution was electronically transferred directly into the designated bank accounts of the shareholders who had provided valid Computerized National Identity Cards (CNICs) and International Bank Account Numbers (IBANs). The company, adhering to the Companies Act of 2017 and the Companies (Distribution and Dividend) Regulations of 2017, withheld dividends for shareholders who failed to submit their valid CNIC numbers and/or details of their designated bank accounts or IBANs.

Shareholders holding physical shares are urged to provide the necessary details to the Share Registrar (FAMCO Share Registration Services Private Limited) by submitting an electronic credit mandate form available at the company’s website. In case of particulars change like Postal/Email Address and IBAN, shareholders are required to update their records with the Central Depository Company (CDC).

Registration for these services can be accessed through the CDC’s e-Services Web Portal, where shareholders can also view the status of their dividend, whether paid or unpaid, and details concerning tax withheld by the company. According to information available from the Pakistan Stock Exchange (PSX), this proactive measure ensures transparency and efficiency in handling shareholder distributions.

For any queries related to dividends or other share-related matters, shareholders are advised to contact the company’s Share Registrar through the provided communication channels.