Atlas Battery : Draft Notice of Declaration of First Interim Cash Dividend and Book Closure
April 26, 2023 at 06:22 am EDT
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NOTICE OF DECLARATION OF FIRST INTERIM
CASH DIVIDEND AND BOOK CLOSURE
The Board of Directors of Atlas Battery Limited ("the Company") in their meeting held on April 26, 2023 at Karachi have declared first interim cash dividend for the year ending June 30, 2023, at Rs. 22.50 per share i.e. 225% to the entitled shareholders.
Closure of Share Transfer Books
The Share Transfer Books of the Company will remain closed from May 08, 2023 to May 10, 2023 (both days inclusive). Transfers received in order at either of the addresses given below before the close of business on May 07, 2023 will be considered in time for the purpose of entitlement for interim cash dividend.
Company Secretary
Share Registrar
Atlas Battery Limited,
M/s. Hameed Majeed Associates
4-C,Khayaban-e-Tanzeem,
(Private) Limited,
Tauheed Commercial, Phase V, DHA,
Karachi Chambers, Hasrat Mohani Road,
Karachi. Tel: (021) 35877911-15,
Karachi. Tel: (021) 32424826 & 32469573,
Fax: (021) 35877916
Fax: (021) 32424835
E-Dividend
As per Section 242 of the Companies Act, 2017 it is mandatory for the public listed companies to pay cash dividend to its shareholders only through electronic mode, directly into bank account designated by the entitled shareholders. Therefore, all shareholders are requested to provide their valid bank account details (if it is not provided earlier) in the "Dividend Mandate Form", as available on Company's website www.abl.atlas.pk.Shareholders maintaining shareholding under Central Depository System (CDS) are advised to submit their bank mandate information directly to the relevant participant / CDC Investor Account Service.
Zakat Declaration (CZ-50)
Zakat will be deducted from the dividends at source at the rate of 2.5% of the paid-up value of the share (Rs.10 each) and will be deposited within the prescribed period with the relevant authority. In case of claiming exemption, Zakat Declaration CZ-50 Form under Zakat and Ushr Ordinance, 1980 and Rule 4 of Zakat (Deduction and Refund) Rules, 1981 shall be submitted at either of the above given addresses. The shareholders must write Atlas Battery Limited's name and their respective Folio Number or CDS Account Number on Zakat Declarations.
Withholding Income Tax on Dividend
The latest Active Taxpayers List (ATL) available at Federal Board of Revenue (FBR) website would be considered to determine the status of filer or non-filer and tax will be deducted accordingly at the prescribed rates. All shareholders are advised to take necessary action for inclusion of their names in ATL, to avoid higher rate of tax deduction. To claim exemption of withholding income tax on dividend amount, valid exemption certificate is required to be submitted at either of the above given addresses, before book closure. Further, in respect of joint shareholders, their shareholding will be treated as equal for tax deduction purposes unless ratio / share (if any) is intimated by the shareholder to the Company Secretary / Share Registrar before book closure.
Submission of Computerized National Identity Card (CNIC) or National Tax Number (NTN) or Passport
The shareholders are informed that as per Sub Clause 9 (i) of Regulation 4 of Companies (Distribution of Dividends) Regulations, 2017 the identification of the registered shareholder or its authorized person should be made available with the Company. Therefore, it is requested that shareholders must provide a copy of their valid CNIC (in case of individual) or National Tax Number (in case of other than individual) or Passport (in case of foreign individual) along with their folio number at either of the above given addresses, if not provided earlier.
BY ORDER OF THE BOARD
Karachi: April 28, 2023
Company Secretary
20cm x 3col
20cm x 3col
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Atlas Battery Ltd. published this content on 26 April 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 April 2023 10:21:10 UTC.
Atlas Battery Limited is a Pakistan-based company engaged in the manufacturing and sale of automotive and motorcycle batteries and allied products. The Company manufactures a range of lead acid batteries suitable for passenger cars, trucks, tractors, heavy vehicles, motorcycles, construction and road-building equipment, as well as stationary and industrial applications. The Companyâs products include 6FT 120, CGR 40, CNG 60, GL 100, GL 190, GL 50, GL 65, GL 85, GR 100, GR 46, GR 65, GX 135, GX 165, GX 175, HB 46 L, HB 46 R, HB 50, HB 65, HB 65 (Thin Pole), MF 50 L, MF 65 L, N 125, WS 110, WS 115, WS 135, WS 150, WS 160, WS 165, WS 180, WS 195, WS 220, WS 230, WS 260, WS 270, WS 45, WS 50, WS 65, WS 70, WS 80, and WS 90. The manufacturing facilities of the Company are located at S.I.T.E., Karachi with branches at Karachi, Lahore, Multan, Islamabad, Faisalabad, Sahiwal, Peshawar, Sukkur, and Rahim Yar Khan.