Islamabad: Mari Energies Limited is currently awaiting a crucial decision from the Islamabad High Court (IHC) regarding the release of lien-marked bonus shares, as per the company”s latest update. The case, which revolves around the dispatch and credit of an 800% bonus shares issue, has been under the court’s consideration, with the last scheduled hearing on February 2, 2025, not taking place.

The company, in its communication, referenced earlier correspondences dated October 29, 2024, and December 23, 2024, highlighting the ongoing legal proceedings. The delay in the court’s decision has left the shareholders and the Central Depository Company in anticipation, as the company continues to actively pursue a resolution.

According to information available from the Pakistan Stock Exchange (PSX), Mari Energies Limited is committed to maintaining transparency throughout the process. The company has assured all stakeholders that they will be promptly informed of any developments as soon as the IHC delivers its decision. This commitment underscores the company”s dedication to safeguarding shareholder interests.

The delay in the court”s hearing has placed a spotlight on Mari Energies Limited within the designated market category, as investors and shareholders await a resolution. The company has reiterated its commitment to inform the Members of the Exchange immediately once the court”s decision is announced.