Karachi, Sitara Energy Limited informed Pakistan Stock Exchange about the recommendations made by the board of directors in the meeting held on October 28, 2021 through video link.

The agenda of the meeting was discussion of consolidated profit and loss account for quarter ended September 30, 2021 which portrayed a loss of Rs. 26,300 with loss per share 1.38 basic and diluted respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

Furthermore, the share transfer books of the company will remain closed from October 22, 2021 to October 28, 2021 (both days inclusive).

Sitara Energy Limited is incorporated in Pakistan as a public limited Company. The main object of the Company is generation and distribution of electricity.

The total number of shares are 19,092,000. The Earnings per share is (7.10) in 2020 which was (10.05) in 2019. The Company had a loss of Rs. 135,629,000 in 2020 which was 191,811,000 in 2019.