Javedan Corporation Limited Declares Cash Dividend of 60% for Fiscal Year 2023; Annual General Meeting Set for October 27, 2023.

Karachi -- Javedan Corporation Limited, a prominent player in the corporate landscape, has announced key recommendations following the meeting of its Board of Directors held on September 23, 2023, at Naya Nazimabad.

The board meeting resulted in the following significant resolutions:

Cash Dividend:

The Board of Directors has declared and approved a cash dividend of Rs. 6.0 per share, which represents a generous 60% dividend for the fiscal year ended on June 30, 2023. This dividend distribution reflects the company's commitment to sharing its success with shareholders.

2. Bonus Shares: Nil

3. Right Shares: Nil

4. Any Other Entitlement or Corporate Action: Nil

5. Any Other Price-Sensitive Information: Nil

These decisions were made in line with the company's performance and strategic objectives.

Furthermore, Javedan Corporation Limited has announced the date for its Annual General Meeting (AGM), which is scheduled to be held on October 27, 2023. The venue for the AGM will be the Stock Exchange Building, located on Stock Exchange Road in Karachi.

To facilitate the AGM and ensure shareholders' active participation, the company will close its Share Transfer Books from October 20, 2023, to October 27, 2023, encompassing both these days.

In adherence to regulatory requirements, Javedan Corporation Limited is committed to transmitting its Annual Report through the Pakistan Universal Communication Access to Reports and Statements (PUCARS) platform. The Annual Report will be available to shareholders and...