Karachi: In a significant development for stakeholders, Pakistan Petroleum Limited (PPL) has announced the approval of a second interim cash dividend for the quarter ending December 31, 2025. The decision was made during the Board of Directors' meeting held on February 13, 2026, and is set to be formally published in the prominent newspapers "Dawn" and "Jang" on February 14, 2026.

The approved interim cash dividend stands at Rs. 2.00 per share, translating to a 20% dividend on Ordinary Shares, and Rs. 1.00 per share, or a 10% dividend, on Convertible Preference Shares. This follows an earlier interim cash dividend of Rs. 2.00 per share already distributed during the year. The dividends will be allocated to shareholders recorded in the company's register as of the close of business on February 26, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the PPL has also announced the closure of its Share Transfer Books from February 27, 2026, to March 3, 2026, inclusive of both dates. Applications for share transfers received by the Share Registrar by the close of business on February 26, 2026, will be eligible for dividend distribution.

Shareholders are advised to ensure their names appear in the Active Tax Payer List (ATL) to benefit from a reduced withholding tax rate of 15%. Non-compliance will result in a higher deduction rate of 30%. The company will verify the tax status of its members as of the first day of book closure, with deductions made accordingly.

Additionally, PPL has urged shareholders to provide their bank mandates to facilitate electronic dividend transfers. Shareholders holding shares in physical form are reminded to convert to Book-Entry Form as required by the Companies Act, 2017.

The developments are expected to impact the designated market category, prompting stakeholders to monitor the situation closely.