Lahore: Mughal Energy Limited held its 13th Annual General Meeting on October 18, 2025, at the Auditorium of LSE Capital Limited, Lahore, where key resolutions were passed and adopted by its members. The meeting, in compliance with Regulation No. 5.6.9(b) of the Pakistan Stock Exchange Limited’s Rule Book, focused on both ordinary and special business matters.
During the ordinary business proceedings, the members approved the audited financial statements for the year ended June 30, 2025. The resolution passed confirmed the approval and adoption of the Chairman’s Review Report, Directors’ Report, and Auditors’ Report for the same period. Furthermore, M/s. Muniff Ziauddin & Company, Chartered Accountants, were appointed as the statutory auditors for the fiscal year ending June 30, 2026, with their remuneration to be fixed by the Board of Directors.
The meeting also addressed special business related to related party transactions. According to information available from the Pakistan Stock Exchange (PSX), the members ratified and confirmed transactions with related parties conducted during the year ending June 30, 2025. Additionally, an advance authorization was granted to the Board Audit Committee and the Board of Directors to enter into and approve related party transactions for the upcoming year, ending June 30, 2026, despite the interest some directors may have in these transactions.
These related party transactions for the fiscal period ending June 30, 2026, will be presented for ratification and confirmation at the next Annual General Meeting.