Islamabad: Mari Energies Limited has concluded the process of dispatch and credit related to an 800% bonus shares issue, following directives from the Islamabad High Court. The proceedings, which relate to tax recovery and deposit measures under the Income Tax Ordinance of 2001, were completed as of June 3, 2025.

The company had initially retained a portion of the bonus shares—10% for shareholders identified as filers and 20% for non-filers. This retention was part of a tax recovery mechanism. The retained shares were subsequently disposed of, with the proceeds being used to fulfill the tax obligations of the shareholders by depositing them with the Federal Board of Revenue (FBR).

In situations where the retained shares did not cover the tax liabilities, the court authorized Mari Energies to place additional shares under lien. The company was further authorized to dispose of these lien-marked shares to meet the remaining tax obligations. According to information available from the Pakistan Stock Exchange (PSX), the supplementary disposals accounted for approximately 0.38% of the total bonus issue for filers and about 0.76% for non-filers.

The proceeds from these transactions, representing the recovered tax, are being deposited with the FBR. The remaining bonus shares have been credited to the respective shareholders' accounts via the Central Depository Company. Stakeholders and the TRE Certificate Holders of the exchange have been informed accordingly.