Karachi: The Board of Directors of Security Papers Limited announced a final cash dividend of Rs 9.00 per share, representing a 90% payout for the fiscal year that concluded on June 30, 2026. The decision, made during a meeting on Thursday, July 30, 2026, stipulates that dividends will be distributed to shareholders recorded in the company's registry as of the close of business on September 18, 2026.

The company has also declared a closure of its Share Transfer Books from September 19, 2026, to September 25, 2026, inclusive of both days. This aligns with the standard procedures for processing dividend payments.

As per the Companies Act, 2017, section 242, all listed companies must disburse cash dividends electronically. Security Papers Limited is adhering to this mandate by facilitating direct bank transfers to the designated accounts of entitled shareholders. This eliminates the previous practice of issuing physical dividend warrants.

Shareholders have been urged to submit their bank account details and requisite documents to their Participants or CDC Investor Account Services. Those holding physical shares should contact the company's Share Registrar, FAMCO Share Registration Services (Pvt.) Limited, located in Karachi.

According to information available from the Pakistan Stock Exchange (PSX), Security Papers Limited has maintained a consistent dividend policy, reflecting its financial stability and commitment to shareholder returns. The e-Dividend Mandate Form for shareholders' convenience is accessible on the company's official website.

This announcement falls within the designated market category of the paper industry, underscoring Security Papers Limited's role in maintaining robust shareholder relations and compliance with regulatory requirements.