STDC announces first-ever interim dividend, declaring Rs3.27 per share payout

KARACHI: Sindh Transmission & Dispatch Company (Private) Limited (STDC) has announced the first-ever interim dividend for its registered shareholders, declaring a payout of Rs. 3.27 per share.

The decision was approved during the 38th meeting of the Board of Directors, marking a significant step towards financial stability and improved governance in Sindh’s power transmission sector. The board meeting was chaired by Chairperson Riffat Sultana, who reviewed STDC’s three-year financial planning, cash flow position, NEPRA tariff guidelines, and return on equity.

The board expressed full satisfaction with the company’s strong financial footing and stable operational performance. According to official data, STDC currently operates a 132kV double-circuit transmission line across a 95-kilometre network, transmitting 100MW of power from the Nooriabad Power Company to K-Electric’s KDA Scheme-33 Grid Station — a testament to the company’s technical strength, system reliability, and growing transmission capacity in Sindh.

The board was briefed that STDC’s cash flow has improved significantly during the current financial year, enabling the company to declare the interim dividend while also strengthening its foundation for future operational and expansion plans. The Board of Directors also appreciated the performance of the management and praised STDC CEO Saleem Shaikh for his leadership, noting that the company’s progress reflects its commitment to transparency, strategic planning, and professional efficiency.

The board further approved the Draft Dividend Policy, which outlines that future profit distribution will strictly comply with regulatory, financial, and corporate governance requirements. Management has been directed to ensure timely payment of dividends in accordance with the Companies Act 2017 and to meet all statutory obligations.

The board reaffirmed confidence that STDC will continue advancing transparency, technical upgrades, and sectoral reforms in the coming years.

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