NATF

⚡ Flash Summary

National Foods Limited has announced a first interim cash dividend of Rs. 18.00 per share (360%) for the first quarter of the financial year ending June 30, 2026. The dividend was credited electronically on November 12, 2025, to shareholders with valid CNICs and IBANs. The company has withheld dividends for shareholders who have not provided complete bank details. Shareholders are reminded to provide their information to avoid non-compliance.

📌 Key Takeaways

• 💰 First interim cash dividend of Rs. 18.00 per share (360%) announced.
• 📅 Dividend credited on November 12, 2025, for Q1 of FY2026.
• 🏦 Electronic transfer to shareholders with valid CNICs and IBANs.
• 🔒 Dividends withheld for shareholders lacking complete bank details.
• 📜 Compliance with Section 242 of the Companies Act, 2017.
• 🇵🇰 SECP regulations SRO 1145(I)/2017 followed.
• ⚠️ Mandatory provision of IBAN and CNIC required.
• 🏢 Shareholders to update information with Share Registrar.
• 🌐 e-Dividend Mandate Form available on the company’s website.
• 🗓️ Announcement dated November 13, 2025.
• 📍 Karachi location of the announcement.

🎯 Investment Thesis

HOLD. The substantial dividend payout makes this attractive for income-seeking investors, but further financial analysis is needed to justify a buy rating. A price target will depend on detailed financials. Given the company’s commitment to shareholder returns and regulatory compliance, HOLD for existing shareholders.

⚡ Flash Summary

National Foods Limited has announced an interim cash dividend of Rs. 18.00 per share, representing 360% of the share value, for the first quarter of the financial year ending June 30, 2026. The decision was made during a Board of Directors meeting held on October 20, 2025. The share transfer books will be closed from November 3 to November 5, 2025, and transfers received by the Share Registrar by October 31, 2025, will be considered for the dividend entitlement. Shareholders are advised to ensure their tax status is active to avoid tax deductions on the dividend.

📌 Key Takeaways

• 💰 Interim cash dividend declared at Rs. 18.00 per share (360%).
• 🗓️ Dividend is for the 1st Quarter of the financial year ending June 30, 2026.
• 📅 Board decision made on October 20, 2025.
• ⛔ Share transfer books close from November 3 to November 5, 2025.
• ⏳ Transfers must be received by October 31, 2025, for dividend entitlement.
• ⚠️ Shareholders must ensure active tax status to avoid dividend tax deductions.
• 🧾 Tax status to be checked against the Active Tax-payers List (ATL).
• 🏦 Withholding tax will be determined based on the active/non-active status of shareholders.
• 🤝 Joint shareholders need to provide shareholding proportions.
• 🏢 Corporate shareholders should update their National Tax Number (NTN).
• 📝 NTN certificate required from Corporate Physical/Physical Shareholders.
• 🚫 Tax exemption only if a valid certificate is provided by October 31, 2025.
• 📍 Information to be sent to the Share Registrar’s office.

🎯 Investment Thesis

HOLD. The announcement of a significant interim dividend is a positive sign. However, further evaluation is needed to assess the sustainability of this dividend policy and its impact on long-term growth prospects. Without comprehensive financial data, a hold strategy is the most prudent approach. Price target: Dependent on FY2026 performance and industry outlook. Time Horizon: Medium Term.