Nimir Industrial Chemicals Distributes Cash Dividend Amid Compliance Directive

Karachi: Shareholders of Nimir Industrial Chemicals Limited received their full and final cash dividend for the financial year ending June 30, 2026, on October 27, 2026, according to a recent report. The dividend, amounting to Rs. 2.00 per share, representing 20%, was electronically transferred into the designated bank accounts of shareholders who have submitted valid CNIC and International Bank Account Numbers (IBAN).

According to information available from the Pakistan Stock Exchange (PSX), the move to credit dividends electronically aligns with the requirement of Section 242 of the Companies Act, 2017. The Securities and Exchange Commission of Pakistan had also issued a notification through SRO 1145(1)2017, necessitating compliance with these directives.

The company's paying agent, Meezan Bank Limited, facilitated the electronic transfer of the dividends. However, dividends for shareholders who did not provide valid CNIC and IBAN details have been withheld. Physical shareholders are directed to contact the Company's Shares Registrar, M/s Corplink (Pvt.) Limited, located in Lahore, for further action. Meanwhile, CDC shareholders should address their concerns to the Central Depository Company of Pakistan Limited or their respective broker or participant.