Karachi: National Foods Limited has announced that its Board of Directors has approved a second interim cash dividend for the second quarter ending December 31, 2025. The dividend, set at 60%, amounts to Rs.3.00 per share. This decision was made during a board meeting held on February 25, 2026.

The company has scheduled the book closure period from March 11, 2026, to March 13, 2026, inclusive of both days. Transfers submitted to the Share Registrar, CDC Share Registrar Services Limited, by the close of business on March 10, 2026, will be eligible for the dividend entitlement.

According to information available from the Pakistan Stock Exchange (PSX), shareholders are urged to ensure their tax compliance. Those not listed on the Active Tax-payers List (ATL) are advised to rectify their status to avoid higher tax deductions on dividends. The Federal Board of Revenue has clarified that tax will be determined based on the active or non-active status of both principal and joint shareholders, depending on their shareholding proportions.

Shareholders are required to submit details of their shareholding proportions by March 10, 2026, to avoid assumptions of equal distribution between principal and joint holders, which could affect tax deductions. Corporate shareholders with CDC accounts must update their National Tax Number (NTN) with their participants, and physical shareholders should send their NTN certificates to the Share Registrar. Exemptions from withholding tax on dividends will only be granted upon submission of a valid tax exemption certificate by the deadline.