Karachi, Sui Northern Gas Pipelines Limited, a significant player in the energy sector, has issued a noteworthy announcement regarding an upcoming event. An Extraordinary General Meeting (EGM) of the company's shareholders is scheduled to take place on September 11, 2023. This event holds immense significance as it brings together stakeholders to discuss pivotal matters.

The EGM will be held at Lahore, and in an effort to ensure broader participation, it will also be conducted through a Video Conference facility. This approach aligns with modern communication practices, ensuring inclusivity and accessibility for shareholders from various locations.

The agenda of the EGM focuses on a series of Ordinary Business matters, aimed at maintaining effective governance and transparency within the company. The key items on the agenda include:

Confirmation of Minutes: To formally confirm the minutes of the 58th Annual General Meeting that took place on August 01, 2023. This step underscores the company's commitment to record-keeping and transparency.

Director Election: To elect eleven (11) Directors of the Company, as predetermined by the Board of Directors. This process adheres to the legal provisions outlined in Section 159 (1) of the Companies Act, 2017. The elected Directors will serve for a term of three (3) years, contributing to the company's strategic direction and decision-making.

Other Business: The meeting also provides a platform to transact any other business as permitted by the Chair. This open-ended item indicates the company's flexibility to address emerging matters with the requisite authorization.

This EGM serves as a reflection of Sui Northern Gas Pipelines Limited's dedication to governance practices that facilitate engagement, accountability, and sound decision-making. By employing modern communication tools, the company aims to foster meaningful participation from its valued shareholders in shaping the company's future trajectory.