Karachi: Sindh Modaraba has announced that its 11th Annual Review Meeting will take place on October 24, 2025, at 10:30 A.M. at the Progressive Centre in Karachi. The meeting aims to review the financial performance of the Modaraba for the year ending June 30, 2025, as per the guidelines of the Prudential Regulations for Modaraba.
The Board of Directors has declared a final cash dividend of 13.50%, equivalent to Rs. 1.35 per certificate, for the fiscal year ended June 30, 2025. Certificate holders entitled to this dividend and attendance at the meeting will be determined by the transfer book closure from October 17, 2025, to October 24, 2025. Transfers completed by October 16, 2025, will be eligible for the profit distribution and meeting participation.
According to information available from the Pakistan Stock Exchange (PSX), the announcement comes as Sindh Modaraba continues its compliance with regulatory frameworks and shareholder requirements. The Modaraba emphasizes adherence to the Income Tax Ordinance, 2001, regarding dividend income withholding tax, which varies based on the certificate holder’s status on the Active Taxpayers List.
Certificate holders are urged to update their addresses with the registrar and provide bank details for electronic dividend payments, as mandated by the Companies Act, 2017. The Modaraba has also facilitated access to financial statements via QR codes and Weblinks, following approval in the previous Annual Review Meeting.
Furthermore, certificate holders are reminded to convert physical certificates into Book-Entry Form to comply with the legislative requirements, and those with unclaimed dividends or pending certificates should contact the Share Registrar. Unclaimed dividends for over three years will be transferred to the Federal Government or SECP, as stipulated by the Companies Act, 2017.
In compliance with Section 185 of the Companies Act, 2017, Sindh Modaraba will not distribute gifts at the general meeting. The Modaraba continues to uphold its obligations under the regulatory framework while facilitating its certificate holders’ participation and engagement in financial and corporate governance matters.