Karachi: Nimir Industrial Chemicals Limited announced the electronic transfer of its interim cash dividend of Re. 1.00 per share, equivalent to 10%, to shareholders who have provided valid banking details. The transfers were completed on November 18, 2025, fulfilling the company’s commitment to its shareholders for the financial year ending June 30, 2026.
According to the company’s release, the dividend distribution was conducted via Meezan Bank Limited, acting as the paying agent. The dividend payments were successfully made to shareholders who had submitted their active and valid bank account information, including their CNIC and IBAN details. The company’s adherence to the requirements of Section 242 of the Companies Act, 2017, necessitated withholding payments from shareholders who have not yet provided this information.
Nimir Industrial Chemicals Limited has addressed the situation by advising physical shareholders to contact the company’s Shares Registrar’s office, M/s Corplink (Pvt.) Limited, located in Lahore, for assistance. Meanwhile, shareholders holding accounts with the Central Depository Company of Pakistan Limited (CDC) are advised to reach out to their respective brokers or participants for the release of their entitlements.
According to information available from the Pakistan Stock Exchange (PSX), the dividend payment announcement did not lead to any significant movements in the company’s stock price.
Advertisements informing shareholders of the dividend distribution process are scheduled to be published on November 19, 2025, in daily newspapers across Karachi, Lahore, and Islamabad. This move aims to ensure comprehensive communication with all stakeholders and facilitate any necessary actions by shareholders to secure their dividend payments.
Nimir Industrial Chemicals Limited continues to encourage shareholders who have not yet provided their valid CNIC and IBAN details to do so in order to ensure the timely receipt of their dividends in accordance with the applicable laws and regulations.