Karachi: International Industries Limited (IIL) has announced the successful processing of an E-credit for a 40% final cash dividend for the year ending June 30, 2025. The announcement was made on October 8, 2025, and the dividends were processed through Habib Bank Limited, benefiting 3,345 shareholders.

According to information available from the Pakistan Stock Exchange (PSX), the distribution, however, faced a compliance hiccup as dividend remittances to 509 shareholders were withheld. The withholding was due to the non-availability of the required CNIC or International Bank Account Number (IBAN), in accordance with Sections 6(i) and 6(ii) of the Companies (Distribution of Dividends) Regulations, 2017. The company emphasized the need for shareholders to register with the CDC’s e-Dividend Repository for seamless transactions in the future.

In adherence to Section 242 of the Companies Act, 2017, International Industries Limited reiterated the mandate for all public listed companies to directly transfer cash dividends to shareholders’ designated bank accounts. Shareholders who have yet to provide their bank details are urged to update their IBANs, including the bank’s name, branch address, CNIC number, and valid email address with the company’s Shares Registrar, M/s CDC Share Registrar Services Ltd. This measure is crucial to ensure dividends are not withheld due to lack of an E-Dividend mandate.

Additionally, IIL addressed the issue of unclaimed dividends, urging those with outstanding claims to contact the Shares Registrar to lodge their claims. As per Section 244(1)(iii), claims must be submitted with supporting evidence within ninety days of the notice.

The announcement underscores the company’s efforts to comply with regulatory requirements while ensuring that shareholders receive their rightful dividends efficiently.