Hafiz LimitedPSX: HAFL

Transmission of Quarterly Report for the Period Ended 31-03-2026

· Issued by Hafiz Limited
3rd Quarter FINANCIAL STATEMENTS 31st March, 2026. HAFIZ LIMITED

ompan n orma ion 2026

Board ofDirectors Muhammad Farooq Usmani Chairman & Director

Fakhruddin Usmani

CEO & Executive Director

Quamruddin Osmani Executive Director Mahmood Wali Muhammad Non-Executive Director Huma Javaid Independent Director

Kamran Ahmad

Independent Director

Board ofAudit Committee Chairman

Members

Muhammad Shazad Fakir Non-Executive Director

Kamran Ahmad

Muhammad Farooq Usmani Mahmood Wali Muhammad

Board ofHuman Resource Comminee

Chairman Members

Chief Financial Officer Company Secretary Bankers

Auditors

Shares Registrar

Registered Office

Mill at

Webside Email

Kamran Ahmad Quamruddin Osmani Muhammad Shazad Fakir

Ali Mubeen Hashmi

Ali Muhammad Usmani Habib Metropolitan Bank Ltd. HBL Islamic Bank Limited MIB Islamic Bank Limited National Bank ofPakistan FORV/S MAZARS M.F. & Co.

Chartered Accountants, Karachi.

F.D. Registrar Services Private Ltd

1705, 17th Floor, Saima Trade Tower-A

I. I. Chundrigar Road, Karachi-74000

97, Alliance Building, 2'd Floor, Moolji Street, Mereweather Tower, Karachi-74000.

D-9, S.I.T.E., Karachi.

https://www.hafiztm.com htm1951@hotmail. com



Directors' Review Report

The Directors are pleased to present the Un-audited Financial Statements of the Company for the nine months ended March 31, 2026.

Operational Review

During the period under review, the Company continued its operations in warehouse rentals and investment activities and maintained a stable performance despite a challenging business environment. Inflationary pressures, elevated energy costs, and overall economic uncertainty impacted the operating conditions.

Business, Financial & Operational Performance

A brief summary of the financial results for the nine months ended March 31, 2026 is as follows:

(Amount in Rupees)

Nine Months Ended March 31, 2026

2026

2025

Rental Income

32,085,437

29,908,304

Profit before income tax and final taxes

26,206,702

29,392,547

Profit before income tax

25,632,063

28,315,383

Taxation

(4,763,946)

(4,634,976)

Profit After Tax

20,868,117

23,680,407

Earnings per Share (EPS)

17.39

19.73

Economic Environment

As International energy markets remained volatile due to geopolitical developments in key oil-producing regions, resulting in higher fuel prices and increased cost pressures in the domestic economy.

During the period, the State Bank of Pakistan maintained the policy rate; however, in view of ongoing inflationary pressures, the outlook remains uncertain and may be subject to volatility, particularly in the event of continued global unrest.

Strategic Considerations

The Company adopted a cautious approach, focusing on operational efficiency, financial discipline, and long-term sustainability. The Board and management continue to monitor economic developments to align future strategies accordingly.

Future Outlook

Hafiz Limited remains focused on sustainable growth and business continuity and will continue to explore opportunities for expansion and diversification as economic conditions improve.

Acknowledgement

The Directors acknowledge the dedication of employees and the continued trust and support of shareholders and stakeholders. The Board prays to Almighty Allah for the success of the Company and the prosperity of all stakeholders and the country.



For and on behalf of the Board

Karachi:

29 April, 2026. Chairman CEO

HAFIZ LIMITED � �

ٹرEر ہaÇ ( ز/ćاڈ

۔�� � 2026 چرκ 31 s� �. � م�ا تs ہκ � ćاs. ت�. � ��κ ہ� ٹڈآ � S � ہو � � �ر � U� ć� �� � � � ز�s� اڈ



ہs. � � d (د�رd

۔�ر را�� s. � (د�رd � د�و.� S ل�κ ىر.�ورd ��. .��. ����� �� ا روا �ر ىر� مd �ا � ں��� � ىرd �κ� روا �ا� S ماد� ċ � ،نارود S تs ہs. � � s� ز

۔� s� � � تU� ��آ ċ لÙر� � � ىد�ا �� روا ،ت�ا�. ا ć� ��s. S ��. ا� ،ؤ.�د S رز طا�. ا



(د�رd ىر.�ورd و �κ

� �ر � � � p� d �� �κ � �ذ:

.

(� �ور �ر) 2026 چرκ 31 s� �� م�ا تs ہκ � ćاs.

2025

2026

�رł� ا �κ �ا

29,908,304

32,085,437

5sآ � �ا�

29,392,547

26,206,702

�� � � � � روا � �ا

28,315,383

25,632,063

�� � � � �ا

(4,634,976)

(4,763,946)

�

23,680,407

20,868,117

� زا � ��

19.73

17.39

5sآ � �



لÙر� UL

� روا �� � � � ��ا � � S � ،�ر � � ں��� � ��. ا� �ا�Uا � � �و � �ر � �� ��ا� � ں� �ا �او ċ� ا� � � �

۔ا� г�ا � ؤ.�د S Ǵ� U � �

،� � � ر� d ؤ���� ر�� ا روا � �ر � � T ٹؤآ ،� � S ؤ.�د S رز طا�. ا ىر� ،��� ؛�ر را�� s. /� � ر ��� ċ ن��� فآ � �ا ،نارود S تs سا ہر � � لÙر� ہ�آ �� .� S ؤ.�د S �� ��� �ر را�� s. � /� � ر ��� ċ ن��� فآ � �ا نارود S p� سا۔� تر� � �ا� �L � � ر� ص�

۔� �



� �

�آ � � ں� � � � �� S سا ��ا روا ڈرE ۔���ا زا�ا ط� ć� �� ز�� �� � ىرا��� �s �� روا � و � ��κ ،(د�رd ��آ ċ �

۔� ć� �ر ىر� 5ا� � �ر � ىد�ا G S ċ�



T ٹؤآ d �

۔� �ر ىر� �. � ش� �ا� S ع� روا �� � �� S ى� � تU� UL روا � ز�� � � S ر.�ورd روا �s� را��� � ��



� ر�ا

��� � � روا زر�� �ا م� روا ��d � � � �ٰ� �ا ڈرE ۔� �� � � نو� روا د�ا � S زر�� �ا روا زر�� � روا � � �ز� ز�s� اڈ

� /. . � � ڈرE



۔� �� � Lد G S



5 � قورť 3 5� �. � �ا�

:Tا�

�. � 5� � �

واىا� 2026 �� 2ا 29

STATEMENT OF FINANCIAL POSITION (UN AUDITED)

AS AT MARCH 31, 2026

ASSETS

Non-current assets

(Un-audited) (Audited)

Note March 31, June 30,

2026 2025

---------(Rupees)--------

Property, plant and equipment 5

Investment property 6

Long-term investments- quoted

Current assets

Short-term investments 7

Stores and spares Trade debts

Trade deposits and advances Taxation - Net

Cash and bank balances

599,100,042 591,007,165

47,681,852

40,263,382

-

-

-

-

676,775

280,252

6,715,489

3,572,005

21,306,763

22,164,453

13,171,232

5,078,355

585,928,809

585,928,809

1

1

76,380,879 66,280,092

Net assets in Bangladesh 1 1

Total assets 675,480,922 657,287,258

EQUITIES AND LIABILITIES

Capital and Reserves

Authorized

2,000,000 (2025: 2,000,000) ordinary shares of Rs.10/- each

Issued, subscribed and paid-up

1,200,000 (2025: 1,200,000) ordinary shares of Rs.10/- each

20,000,000 20,000,000

12,000,000 12,000,000

Reserves 646,579,466 628,711,349

658,579,466 640,711,349

Non Current Liabilities

Deferred liabilities 150,681 150,681

10,609,768

10,854,287

6,141,007

5,570,941

Current Liabilities Trade and other payable Unclaimed dividend

16,750,775 16,425,228

Contingencies and commitments 8 - -

Total equity and liabilities 675,480,922 657,287,258

The annexed notes form an integral part of these condensed interim financial statements.

STATEMENT OF PROFIT OR LOSS ACCOUNT AND OTHER COMPREHENSIVE INCOME

(UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

PARTICULARS

Note

For the 3rd Quarter ended

For the Nine Months ended

March 31,

2026.

March 31,

2025.

March 31,

2026.

March 31,

2025.

---------(Rupees)-------- ---------(Rupees)--------

Rental income

10,154,545

10,150,825

32,085,437

29,908,304

Administrative expenditure

(4,140,859)

(3,936,275)

(13,090,785)

(12,753,755)

Financial charges

(440)

(32)

(24,195)

(19,269)

(4,141,299)

(3,936,307)

(13,114,980)

(12,773,024)

Other Incomes / (Loss)

9

(8,686,637)

(4,173,945)

7,236,245

12,257,267

Profit before income tax and final taxes

(2,673,391)

2,040,573

26,206,702

29,392,547

Final taxes

(128,005)

(27,071)

(574,639)

(1,077,164)

Profit before income tax

(2,801,396)

2,013,502

25,632,063

28,315,383

Taxation

(77,756)

(1,455,490)

(4,763,946)

(4,634,976)

Profit after taxation

Other comprehensive income/ (loss) for the nine months

(2,879,152)

-

558,012

-

20,868,117

-

23,680,407

-

Earnings per share - Basic and diluted

(2.40)

0.47

17.39

19.73

STATEMENT OF CASH FLOWS (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

31-Mar-26

31-Mar-25

----------(Rupees)----------

CASH FLOW FROM OPERATING ACTIVITIES

Profit before taxation

26,206,702

29,392,547

Depreciation

1,435,014

688,127

Unrealized loss on short term investment- quoted shares

(307,283)

(3,046,261)

Provision for gratuity

-

-

Other Income / (Loss)

(6,928,962)

(9,211,006)

Financial charges

24,195

19,269

(5,777,036)

(11,549,871)

Operating profit before working capital changes

20,429,666

17,842,676

Movement in Working Capital

(Increase)/decrease in Current Assets

Loans and Advances

(396,523)

(536,380)

Increase / (decrease) in Current Liabilities

(396,523)

(536,380)

Trade and other payable

(244,519)

1,522,821

(244,519)

1,522,821

Cash generated from operations

Payments for:

19,788,624

18,829,117

Taxes

(8,482,069)

(7,802,241)

Gratuity paid

-

-

Financial charges

(24,195)

(19,269)

Net cash inflow from operating activities

11,282,360

11,007,607

CASH FLOW FROM INVESTING ACTIVITIES

Capital expenditure

(10,156,026)

(679,195)

Sale proceeds from disposal of fixed assets

3,700,000

-

Purchase of short term investment - quoted shares

(10,386,095)

(19,415,031)

Proceeds from sale of short term investment - quoted shares

6,808,772

15,841,265

Dividend received

323,233

106,000

Net cash used in investing activities

(9,710,116)

(4,146,961)

CASH FLOW FROM FINANCING ACTIVITIES

Dividend paid

(2,429,934)

(2,504,180)

Net cash used in financing activities

(2,429,934)

(2,504,180)

Net increase in cash and bank balances

(857,690)

4,356,466

Cash and bank balances at beginning of the year

22,164,453

13,959,687

Cash and bank balances at end of the year

21,306,763

18,316,153

STATEMENT OF CHANGES IN EQUITY (UN AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026

Reserves

Share Capital

Un-appropriated (loss)

Interest Free Loan from Directors

Revaluation reserve for investment property

Gain on

revaluation of investment at fair value through

other

Total Reserves

Total equity

Balance as at July 01, 2024.

12,000,000

150,772,300

56,634,905

371,752,394

(342,401)

578,817,198

590,817,198

Net profit after

tax for NINE

months ended

23,680,407

-

-

-

23,680,407

23,680,407

(July, 2024 to

March, 2025). Final dividend for

the year ended

June 30, 2024 @

-

(3,000,000)

-

-

(3,000,000)

(3,000,000)

Rs.2.5/- per share

i.e. 25%.

Balance as at March 31, 2025.

Balance as at July 01, 2025.

Net profit after

tax for NINE months ended (July, 2025 to

March, 2026). Final dividend

for the year ended June 30,

2025 @ Rs.2.5/-

per share i.e. 25%.

Balance as at

March 31,

2026.

12,000,000

171,452,707

56,634,905

371,752,394

(342,401)

599,497,605

611,497,605

12,000,000

200,666,451

56,634,905

371,752,394

(342,401)

628,711,349

640,711,349

20,868,117

-

-

-

20,868,117

20,868,117

-

(3,000,000)

-

-

(3,000,000)

(3,000,000)

12,000,000 218,534,568 56,634,905 371,752,394 (342,401) 646,579,466 658,579,466

NOTES ANNEXED TO THE FINANCIAL STATEMENTS (UN-AUDITED)

FOR THE NINE MONTHS ENDED MARCH 31, 2026.

  1. STATUS AND NATURE OF BUSINESS

    Hafiz Limited ("the Company") is a Public Limited Company incorporated in 1951 under the repealed Companies Ordinance, 1984 (now Companies Act, 2017). The shares of the Company are listed on the Pakistan Stock Exchange Limited. The registered office of the Company is situated at 97, Alliance Building, 2nd Floor, Moolji Street, Mereweather Tower, Karachi.

    The principal activity of the Company is to earn rentals on investment properties.

  2. STATEMENT OF COMPLIANCE

    These financial statements have been prepared in accordance with the accounting and reporting standards as applicable in Pakistan for Quarterly financial reporting. The accounting and reporting standards as applicable in Pakistan for Quarterly financial reporting comprise of:

    -International Accounting Standards (IAS 34), Interim Financial Reporting, issued by the International Accounting Standards Board (IASB) as notified by the Companies Act, 2017; and

    -Provisions of and directives issued under the Companies Act, 2017.

    Where the provisions of and directives issued under the Companies Act, 2017 differ with the requirements

  3. BASIS OF PREPARATION

    1. Accounting estimates and judgments

      The preparation of these financial statements, in conformity with the approved accounting and reporting standards requires the use of certain critical accounting estimates. It also requires management to exercise its judgment in the process of applying the Company's accounting policies. Estimates and judgments are continually evaluted and are based on historical experience and other factors, inculuding expectation of future events that are believed to be reasonable under the circumtances. Actual result may differ from the estimates.

    2. During the preparation of these financial statements, the significant judgments made by management in applying the Company's accounting policies and the key sources of estimation and uncertainty were the same as those that were applies to the annual audited financial statements of the Company for the year ended June 30,2025.

    3. These Quarterly financial statements are presented in Pakistan Rupee which is also the Company's functional currency.

  4. SIGNIFICANT ACCOUNTING POLICIES

    Accounting policies adopted for the preparation of these Quarterly financial statements are the same as those applied in the preparation of the preceding annual published financial statements of the Company for the year ended June 30, 2025 except as disclosed below:

    Standards and amendments to approved accounting and reporting standards that are effective

    There are certain amendments and interpretations to the accounting and reporting standards which are mandatory for the Company's annual accounting period which began on July 1, 2025. However, these do not have any significant impact on the Company's financial reporting.

    Standards and amendments to approved accounting and reporting standards that are not yet effective

    (Un-audited) (Audited)

    March 31,

    2026

    June 30,

    2025

  5. PROPERTY, PLANT AND EQUIPMENT Note -----Rupees-----

Operating fixed assets

5.1

13,171,232

5,078,355

Capital work in progress - Civil works

-

-

13,171,232

5,078,355

5.1 Movement in operating fixed assets:

Opening - at net book value

5,078,355

5,287,038

Add: Additions during the period

5.1.1

10,156,026

718,094

15,234,381

6,005,132

Less: Depreciation charged during the period

(1,435,014)

(926,777)

Less: Disposals during the period - at net book value

(628,135)

-

Less: written off during the period

-

-

(2,063,149)

(926,777)

Closing - at net book value

13,171,232

5,078,355

5.1.1 Additions during the period

Office equipment

1,998,000

718,094

Vehicles

8,158,026

-

10,156,026

718,094

6 INVESTMENT PROPERTY

Capital work in progress Invest

6

-585,928,809

-585,928,809

585,928,809

585,928,809

6.1 Capital work in progress

Opening balance

-

22,132,260

Add: Additions during the period

-

(22,132,260)

Closing balance

-

-

6.1.1 Represents transfer of CWIP to investment Property in respect of land in the area of K-28, Phase II, B lock A,Trans Lyari Quarters, Hawksbay Road, District Maripur, Karachi.

(Un-audited) (Audited)

7 SHORT-TERM INVESTMENTS

March 31,

2026

June 30,

2025

Quoted - at fair value through profit or loss ---------- (Rupees) ----------

AISHA STEEL MILLS LIMITED

30,000 (2025: 25,000) ordinary shares of Rs. 10/- each

AMTEX LIMITED

670,426

605,635

140,000 (2025: 100,000) ordinary shares of Rs. 10/- each

493,511

291,917

AZGARD NINE LIMITED

10,000 (2025: 10,000) ordinary shares of Rs. 10/- each

125,568

125,568

QUANTUM DATA TECHNOLOGIES LIMITED

34,000 (2025: 4,000) ordinary shares of Rs. 10/- each

1,554,142

367,749

CNERGYICO PK LIMITED

325,000 (2025: 325,000) ordinary shares of Rs. 10/- each

1,979,226

1,979,226

COLONY TEXTILE MILLS LIMITED

210,000 (2025: 125,000) ordinary shares of Rs. 10/- each

1,505,575

877,826

DOST STEELS LIMITED

10,000 (2025: 10,000) ordinary shares of Rs. 10/- each

64,607

64,607

FAUJI FOODS LIMITED

100,000 (2025: 160,000) ordinary shares of Rs. 10/- each

1,347,822

1,876,568

(Un-audited) (Audited)

March 31,

2026

June 30,

2025

---------- (Rupees) ----------

GHAZI FABRICS INTERNATIONAL LIMITED

20,000 (2025: 20,000) ordinary shares of Rs. 10/- each

239,892

239,892

HIRA TEXTILE MILLS LIMITED

60,000 (2025: 60,000) ordinary shares of Rs. 10/- each

284,906

284,906

IMAGE PAKISTAN LTD

6,612 (2025: 6,612) ordinary shares of Rs. 10/- each

73,259

73,259

K-ELECTRIC LIMITED

1,300,000 (2025: 1,120,000) ordinary shares of Rs. 10/- each

5,525,916

4,146,511

NISHAT CHUNIAN LIMITED

7,500 (2025: 7,500) ordinary shares of Rs. 10/- each

262,434

262,434

PAKISTAN INTERNATIONAL BULK TERMINAL

45,000 (2025: 45,000) ordinary shares of Rs. 10/- each

349,168

349,168

PAKISTAN STOCK EXCHANGE LIMITED

2,000 (2025: 2,000) ordinary shares of Rs. 10/- each

34,502

34,502

PAKISTAN TELECOMMUNICATION COMPANY LTD

85,000 (2025: 85,000) ordinary shares of Rs. 10/- each

798,987

798,987

POWER CEMENT LIMITED

620,000 (2025: 600,000) ordinary shares of Rs. 10/- each

4,955,361

4,579,495

SINDH MODARABA

10,000 (2025: 20,000) ordinary shares of Rs. 10/- each

94,477

188,954

TARIQ GLASS INDUSTRIES LIMITED

2,000 (2025: 2,000) ordinary shares of Rs. 10/- each

195,160

195,160

THE CRESCENT TEXTILE MILLS LIMITED

10,000 (2025: 10,000) ordinary shares of Rs. 10/- each

171,216

171,216

WORLDCALL TELECOM LIMITED

5,100,000 (2025: 5,100,000) ordinary shares of Rs. 10/- each

9,765,164

9,765,164

ZEPHYR TEXTILES LIMITED

6,000 (2025: 6,000) ordinary shares of Rs. 10/- each

84,369

84,369

FAUJI FERTILIZER COMPANY LIMITED

699 (2025: 699) ordinary shares of Rs. 10/- each

156,826

156,826

PAKISTAN STATE OIL COMPANY LIMITED

2,500 (2025: 1,500) ordinary shares of Rs. 10/- each

PAKISTAN PETROLEUM LIMITED

627,703

243,125

8,000 (2025: 5,000) ordinary shares of Rs. 10/- each

OIL & GAS DEVELOPMENT COMPANY LIMITED

1,071,516

572,603

8,000 (2025: Nil) ordinary shares of Rs. 10/- each

YOUSAF WEAVING MILLS LIMITED

1,927,144

-

10,000 (2025: 10,000) ordinary shares of Rs. 10/- each

KOHINOOR SPINNING MILLS LIMITED

59,338

59,338

500,000 (2025: 650,000) ordinary shares of Rs. 10/- each

KOHINOOR INDUSTRIES LIMITED

4,674,838

5,964,396

Nil (2025: 25,000) ordinary shares of Rs. 10/- each

HUSEIN INDUSTRIES LIMITED

-

262,223

7,547 (2025: 7,547) ordinary shares of Rs. 10/- each

PIA HOLDING COMPANY LIMITED

219,719

219,719

55,000 (2025: 15,000) ordinary shares of Rs. 10/- each

GHANI GLOBAL HOLDINGS LIMITED

1,492,918

279,004

5,000 (2025: 5,000) ordinary shares of Rs. 10/- each

84,516

84,516

GHANI GLOBAL GLASS LIMITED

15,000 (2025: 15,000) ordinary shares of Rs. 10/- each

151,791

151,791

(Un-audited) (Audited)

March 31,

2026

June 30,

2025

---------- (Rupees) ----------

FAST CABLES LIMITED

10,225 (2025: Nil) ordinary shares of Rs. 10/- each

255,517

-

DEWAN FAROOQUE MOTORS LIMITED

15,000 (2025: Nil) ordinary shares of Rs. 10/- each

421,763

-

HONDA ATLAS CARS (PAKISTAN) LIMITED

1,000 (2025: Nil) ordinary shares of Rs. 10/- each

300,448

-

LOADS LIMITED

10,000 (2025: Nil) ordinary shares of Rs. 10/- each

191,533

-

Lotte Chemical Pakistan Limited

10,000 (2025: Nil) ordinary shares of Rs. 10/- each

256,580

42,467,838

35,356,652

Gain / (Loss) on revaluation of investments

5,214,014

4,906,730

47,681,852

40,263,382

CONTINGENCIES AND COMMITMENTS

  1. Contingencies

    There is no significant change in the status of contingencies as disclosed in note 18.1 to the annual audited financial statements of the Company for the year ended June 30, 2026.

  2. Commitments

There were no commitments outstanding as at March 31, 2026 (June 30, 2025: Nil).

(Un-audited) (Un-audited)

March 31,

2026

March 31,

2025

  1. OTHER INCOME ---------- (Rupees) ----------

    Dividend

    323,233

    106,000

    Gain on sale of short term investments

    3,533,864

    9,105,006

    Gain / (Loss) on revaluation of stocks investments

    307,283

    3,046,261

    Gain on Sale of Vehicles

    3,071,865

    -

    7,236,245

    12,257,267

  2. AUTHORIZATION

    These financial statements were authorised for issue by the Board of Directors of the Company on 29th April, 2026.

  3. GENERAL





Figures have been rounded off of the nearest rupee.







29 April, 2026

Ali Mubeen Hashmi

SHAREHOLDERS IMPORTANT NOTICES
  1. Submission of copies of CNIC (MANDATORY):

    Pursuant to the directive of the Securities & Exchange Commission of Pakistan Circular No. EMD/D-11/Misc./2009-1342 dated April 4, 2013, CNIC numbers of shareholders are mandatorily required to be mentioned on dividend warrants. Shareholders are, therefore, requested to submit a copy of their CNIC (if not already provided) to the Company's Share Registrar, M/s. F.D. Registrar Services (Pvt.) Ltd. 1705, 17th floor, Saima Trade Tower-A, I.I. Chundrigar Road, Karachi-74000.

  2. Notice for unclaimed shares / Dividends:

    Pursuant to the requirement of Section 244 of the Companies Act, 2017 (the' Act), now all companies are required to surrender physical shares/dividends which remain unclaimed or unpaid for over three years, as on May 30, 2014, to the Federal Government.

    As per Company's record, there are some outstanding / physical shares/ dividends in respect of your above-mentioned folio/account.

    You are hereby requested to immediately lodge your claim to our share Registrar: Mis F.D. Registrar Services (Pvt.) Ltd. 1705, 17th Floor, Saima Trade Tower 'A' 1.1. Chundrigar Road, Karachi or our registered office: Hafiz Limited 97, Alliance Building, 2nd Floor, Moolji Street, Mereweather Tower, Karachi, along with relevant documents in support of your claim under a duly signed letter (in accordance with specimen signature recorded with the Company):

    Please note that if the Company does not receive a claim from you within the aforesaid time period, then the Company shall proceed to deposit unclaimed physical shares/ dividends in its possession, with the Federal Government pursuant to the provisions of sub section (2) of section 244 of the Act.

  3. E-Dividend Mandate (Mandatory)

Under the provisions of Section 242 of the Companies Act, 2017 and the Companies (Distribution of Dividends) Regulations, 2017, it is mandatory for a listed Company to pay cash dividend to its shareholders only through electronic mode directly into bank account designated by the entitled shareholders.

Shareholders who have not yet submitted their In ternational Bank Account Number (IBAN) are requested to fill in Electronic Credit Mandate Form and send it duly signed along with a copy of CNIC to the Registrar of the Company M/s. F.D. Registrar Services (Pvt.) Ltd. 1705, 17" Floor, Saima Trade Tower-A, I.I. Chundrigar Road, Karachi-74000, in case of physical shares.

In case shares are held in CDC then Electronic Credit Mandate Form must be submitted directly to shareholders broker/participant/CDC account services.

HAFIZ LIMITED

97 Alliance Building, 2nd floor, Moolaji Street, Mereweather, Tower, Karachi-74000. ( Farooqi Masjid )

NOTICE OF MANDATORY PAYMENT OF DIVIDEND THROUGH ELECTRONIC MODE

Subsequent to promulgation of Companies Act, 2017, and as per section 242 of the said Act now it is mandatory for listed companies that dividend payable in cash shall only be paid through electronic mode directly into the bank account designated by the entitled shareholders.

Keeping in view the same, all cash dividend, if declared, by the Company in future will be directly transferred in bank account. In order to enable us to follow the directives of the regulators in regard to payment of divided only through electronic mode, you are requested to please provide/update your bank account detail in below mentioned format.

I hereby authorize HAFIZ LIMITED to directly credit cash dividend declared by it, if any, in the below mentioned bank account.

Bank Account Details of Transfer for Cash Dividend

*(Mandatory to provide)

i) Shareholder's Detail

Name of Company

Name of shareholder

Folio No/CDC Participants IDA/c No.

CNIC No

Passport No, (in case of foreign shareholder)"

Land Line Phone Number

Cell Number

ii) Shareholder's Bank Detail

Tile ofBankAccount

BankAccount Number( 24Digital) IBAN - PK

Bank's Name

Branch Name and Address

1. It is stated that the above-mentioned information is correct, that I will intimate the changes in the above mentioned information to the above addresses assoon as these occur.

(Signature of shareholder)

KINDLY NOTE: COMPANY MAY WITHHOLD THE PAYMENT OF DIVIDEND OFA MEMBER WHERE THE MEMBER HAS NOT PROVIDED THE COMPLETE INFORMATION OR DOCUMENTS AS SPECIFIED.

The shareholder who hold shares in physical form are requested to submit the above mentioned dividend mandate km after duly filled in to Company's Share Registrar office, Mls F.D. Registrar Services Private Limited 1705, 17th floor, Saima Trade Tower-A, I.I. Chundrigar Road, Karachi-74000 Shareholders who hold shares in Central Depository Company are requested to submit the above mentioned dividend mandate form after duly filled in to their participants/investor account services of the central depository company limited.

For any query, you may please contact us Tel # 02132440371 oremail us at htm1951@hotmaiI.com

Mr. Umar Whatsapp No: +92 333 2557565

Note: This is a computer generated letter and does not require signature.

*Please attach attested photocopy of CNIC "Please attach attested photocopy ofthe Passport

Thanking you. Ali Muhammad Usmani (Company Secretary)

HAFIZ LIMITED



Company analysis

Earlier from Hafiz

All Hafiz news releases