Karachi: Sindh Modaraba has successfully credited a final cash dividend of Rs. 1.35 per share, translating to 13.50% for the fiscal year ending June 30, 2025, into the designated bank accounts of its shareholders. The announcement, made by the company’s Board of Directors on September 18, 2025, was executed on November 4, 2025, in accordance with regulatory requirements.
The company adhered to the Pakistan Stock Exchange (PSX) Regulation 5.6.10, which mandates that the final cash dividend must be credited to shareholders within 10 working days from the date of declaration. This compliance aligns with Rule 3 of the Companies (Distribution of Dividends) Regulations, 2017, and Sections 242 and 243 of the Companies Act 2017.
According to information available from the Pakistan Stock Exchange (PSX), Sindh Modaraba met its obligations without delay, thus avoiding any penalties. The PSX Regulation 5.6.10 stipulates that any default in complying would result in a fine under PSX Regulation 5.21.1. This regulation ensures timely distribution and transparency within the market.
The company also fulfilled its duty to promptly notify the Exchange upon the successful credit of the dividend to shareholder accounts. This measure is part of the broader regulatory framework aimed at maintaining market stability and investor confidence.