Karachi: ZIL Limited has announced the successful electronic crediting of its final cash dividend to shareholders for the year ending December 31, 2024. The dividend, calculated at a rate of Rs. 2.50 per share, equivalent to 25%, was deposited into the designated bank accounts of shareholders who provided the necessary e-mandate and 24-digit IBAN numbers. This transaction was completed on April 29, 2025.
The distribution is in compliance with the Companies Act, 2017, and the Companies (Distribution of Dividends) Regulations, 2017. These regulations necessitate the electronic transfer of dividends to shareholders who have submitted their complete bank account details. According to information available from the Pakistan Stock Exchange (PSX), dividends of shareholders who have yet to furnish their IBAN details to the company have been withheld.
ZIL Limited has advised stakeholders and TRE Certificate Holders of the Exchange to note the details of the crediting process. The company remains committed to following the statutory guidelines for dividend distribution and ensuring that shareholders who meet the requirements receive their entitlements promptly.