Lahore: Rafhan Maize Products Company Limited has issued a final notice to its shareholders regarding unclaimed or unpaid shares and dividends, in accordance with Section 72 and Section 244 of the Companies Act, 2017. This notice, which aligns with Clause 5.6.9 (b) of the PSX Rule Book, is set to be published in The Nation and Nawa-i-Waqt newspapers on May 9, 2025.

The company has informed shareholders that certain shares and dividends have remained unclaimed or unpaid for a period exceeding three years since they became due. Previously, a notice was dispatched via registered post and courier service to the last known addresses of these shareholders, requesting them to submit their claims within three months. However, the company has not received any responses to these notifications.

According to information available from the Pakistan Stock Exchange (PSX), Rafhan Maize Products Company Limited is now officially inviting shareholders to lodge their claims within 90 days from the date of this final notice. Should the shareholders fail to respond within this stipulated period, the company will proceed to deposit the unclaimed or unpaid amounts with the Federal Government, in compliance with sub-Section (2) Section 244 of the Companies Act, 2017.

This development falls under the designated market category regulations and underscores the obligations of both the company and the shareholders in addressing unclaimed financial assets. Rafhan Maize Products Company Limited is taking these steps to ensure compliance with the regulatory framework governing corporate financial practices in Pakistan.