Karachi: UDL International Limited has formally notified shareholders to file claims for unclaimed dividends and shares, following the stipulations of Section 244 of the Companies Act, 2017. The company announced on August 21, 2026, that a ninety-day notice has been dispatched via courier service to all shareholders with dividends or shares unclaimed for three years from their date of entitlement.

The notice serves as a reminder that dividends or shares which remain unclaimed or unpaid for over three years will be transferred to the Federal Government of Pakistan if not claimed within the specified period. As stipulated by clause (a) of sub-section (1) of Section 244 of the Companies Act, 2017, shareholders must file their claims within the ninety-day window to avoid this transfer.

According to information available from the Pakistan Stock Exchange (PSX), this step by UDL International Limited aligns with regulatory compliance and aims to streamline the process of resolving outstanding entitlements. All relevant details are accessible on the company's website, and the shareholders are advised to submit their claims to the Company's Share Registrar located at CDC Share Registrar Services Limited, CDC House, 99-B, Block B, SIMCHS, Main Shahrah-e-Faisal, Karachi.

In the event that claims are not received within the designated period, the company will issue a final notice through newspapers before proceeding to deposit the unclaimed amounts with the Federal Government, in compliance with the Companies Act, 2017. This action underscores the importance of shareholders proactively managing their entitlements to prevent any potential transfer.