Karachi: Shahmurad Sugar Mills Limited’s Board of Directors announced an interim cash dividend of Rs.7.00 per share, representing a 70% payout for the period ending March 31, 2025. This decision, made during a board meeting on May 26, 2025, marks a significant financial move for the company as it continues to strategize its fiscal operations.
The board confirmed that this cash dividend is in addition to any interim dividends previously disbursed, which had been issued at Rs.0 per share or 0%. The board did not propose any bonus shares, maintaining the existing bonus share issuance at 0% for the period. Furthermore, there were no announcements regarding right shares, with the board opting for a continuation of the 0% issuance rate at no premium or discount per share.
According to information available from the Pakistan Stock Exchange (PSX), Shahmurad Sugar Mills Limited has not declared any other entitlements or corporate actions for this period. Additionally, no price-sensitive information was disclosed in the latest announcement from the company.
The company’s financial results for the period ending March 31, 2025, were released alongside the board’s recommendations. These include the Statement of Financial Position, Statement of Changes in Equity, and Statement of Cash Flow. The company has scheduled the closure of its Shares Transfer Book from June 11, 2025, to June 13, 2025, inclusive of both days. Share transfers completed by the close of business on June 10, 2025, at the company’s registrar office in Karachi, will be considered timely for transfer and entitlement purposes.
Shahmurad Sugar Mills Limited also mentioned that its quarterly report for the period ending March 31, 2025, will be made available through the Pakistan Unified Corporate Action Reporting System (PUCARS) within the stipulated timeframe.