Lahore: The Board of Directors of Nishat (Chunian) Limited, following a directive from the Lahore High Court, has scheduled an Extraordinary General Meeting (EGM) for its shareholders. The meeting, aimed at discussing a special business scheme of arrangement, is set for 17 August 2024 at a venue in Lahore.

In a recent board meeting, held as per the mandate of the Lahore High Court in case CO No. 42288 of 2024, the directors confirmed the upcoming EGM. The decision aligns with Sections 96 and 131 of the Securities Act, 2015, and Regulation 5.6.1 of the Pakistan Stock Exchange Regulations.

According to information available from the Pakistan Stock Exchange (PSX), the Share Transfer Books of Nishat (Chunian) Limited will be closed from 10 August 2024 until 17 August 2024, inclusive of both days. This book closure precedes the planned shareholder meeting, ensuring that the company complies with regulatory requirements for recording eligible participants.

Stakeholders, including TRE Certificate Holders and relevant market participants, have been instructed to make note of these dates and prepare for the upcoming corporate event, which could potentially influence the company's operational dynamics and market performance.