Karachi: Siemens (Pakistan) Engineering Co. Ltd. has issued a notice urging shareholders to file claims for unclaimed dividends, in adherence to requirements set forth by the Companies Act, 2017. On November 3, 2026, the company announced that dividends unclaimed for over three years are subject to transfer to the Federal Government of Pakistan. This step will be taken unless shareholders submit their claims within 90 days of the notice date.

The company has highlighted that this directive is in line with Section 244(1)(a) of the Companies Act, 2017, which mandates the transfer of unclaimed dividends to the federal authorities after a prescribed period. To facilitate the claim process, shareholders are instructed to contact either the Company Secretary's office or the Share Registrar, THK Associates (Private) Limited, in Karachi.

According to information available from the Pakistan Stock Exchange (PSX), Siemens (Pakistan) Engineering Co. Ltd. has been implementing this procedure to ensure compliance with regulatory obligations. Shareholders failing to respond within the specified timeframe will see their unclaimed dividends transferred as per Section 244(2) of the Companies Act, 2017. A final notice will be published in newspapers to inform stakeholders of the impending transfer.

This initiative follows the statutory obligation to provide shareholders with a 90-day window to claim their dividends. The company has provided contact details for both the Company Secretary and Share Registrar to streamline the submission of claims. Siemens has emphasized the urgency for shareholders to act promptly to avoid forfeiture of their dividends to the federal government.