Karachi: National Foods Limited has electronically credited an interim cash dividend of Rs. 2.00 per share, a 40% payout for the fiscal year ending December 31, 2024, to the designated bank accounts of shareholders. This credit was executed on March 18, 2025, for those shareholders who have provided an e-mandate with complete 24-digit IBAN numbers.
The company, adhering to the Companies Act of 2017, has withheld dividends for shareholders who have not submitted their IBAN numbers or valid copies of their CNICs. This action highlights the importance of compliance with regulatory requirements for the distribution of dividends.
According to information available from the Pakistan Stock Exchange (PSX), the interim cash dividend notices were disseminated nationwide on 19 March 2024. The announcements were published in two newspapers, Business Recorder in English and Nawa-i-Waqt in Urdu, to ensure that shareholders are informed comprehensively.
The designated market category for National Foods Limited is the food sector, and this dividend distribution is part of the company's ongoing commitment to delivering value to its shareholders. The publication of dividend notices in both English and Urdu aims to reach a broad shareholder base.