Karachi: The United Insurance Company of Pakistan Limited has successfully dispatched and credited a 20% bonus share issue to its shareholders, fulfilling a recommendation made by its Board of Directors earlier this month. This initiative was concluded on March 30, 2026, following a board meeting held on March 12, 2026, aimed at enhancing shareholder value.

The allocation of bonus shares has been executed for both physical and Central Depository Company (CDC) shareholders. However, shareholders who have yet to settle their tax dues will see their bonus shares withheld until their tax obligations are met. The company has outlined a clear plan to address non-compliance, stating that it will dispose of the withheld shares to recoup any tax payments it has covered on behalf of defaulting shareholders, as specified under Section 236Z of the Ordinance.

According to information available from the Pakistan Stock Exchange (PSX), the bonus securities count for The United Insurance Company of Pakistan Limited stands at 74,977,449, now credited into the Central Depository System as of the close of March 27, 2026. This development aligns with the company’s records, which reflect a paid-up capital comprised of 499,320,000 securities. The company has urged shareholders to review these figures and report any discrepancies promptly.

The current corporate maneuver aligns with the company’s strategic efforts to maintain transparency and compliance within the regulatory framework, ensuring the equitable distribution of shares while upholding fiscal responsibilities. The market category for this transaction falls under the insurance sector, highlighting the firm’s commitment to fortifying its financial standing and shareholder trust in the evolving economic landscape.