Karachi: Lucky Core Industries Limited has successfully distributed a final cash dividend of PKR 33 per ordinary share, representing a 330% dividend rate, as officially approved in their recent 73rd Annual General Meeting. This significant disbursement took place electronically on October 7, 2024, targeting shareholders who are duly registered with complete banking and identification details.

The company has taken meticulous steps to ensure compliance with the 2017 Companies (Distribution of Dividends) Regulations by withholding dividends from shareholders lacking proper verification. This withholding affects those who have yet to submit their valid Customer National Identity Card (CNIC) and bank account details, including the International Bank Account Number (IBAN). To resolve this, Lucky Core Industries urges affected shareholders to connect with the Share Registrar FAMCO Share Registration Services or the Central Depository Company (CDC) to provide the necessary credentials.

According to information available from the Pakistan Stock Exchange (PSX), the process for updating these details is outlined on the company’s official website. Shareholders are invited to visit the investor relations section where forms and further instructions are provided to expedite the credit of withheld dividends.

Additionally, this dividend declaration and its pertinent details have been publicly announced, with advertisements placed in the Business Recorder and Roznama Dunya scheduled for October 09, 2024, ensuring all stakeholders are well informed.

Lucky Core Industries reaffirms its commitment to corporate compliance and shareholder value, marking another step towards maintaining transparent and effective communication with its investors.