Lahore: Mughal Energy Limited has announced that its 14th Annual General Meeting (AGM) will be convened on Thursday, October 22, 2026, at 11:45 a.m. The meeting is set to take place at Avari Hotel, situated on 87-Shahrah-e-Quaid-e-Azam, Lahore. Shareholders will also have the option to participate via electronic means, broadening access beyond the physical venue. This announcement was made available ahead of its dispatch to shareholders, and the notice is slated for publication in Business Recorder and Nawa-i-Waqt on Wednesday, September 30, 2026.
During the AGM, several key items are on the agenda. Shareholders will review and potentially adopt the audited financial statements for the fiscal year ending June 30, 2026. These documents include the Directors' and Auditor's Reports as well as the Chairman’s Review Report. Another significant agenda item is the appointment of auditors. The board, following the Audit Committee’s recommendation, has proposed the re-appointment of M/s. Muniff Ziauddin & Company, Chartered Accountants, contingent on their consent to continue as external auditors.
The meeting will also address important special business matters. These include the approval of funded and unfunded facilities from the holding company, Mughal Iron & Steel Industries Limited. Moreover, proposed alterations to the company’s Memorandum and Articles of Association to increase authorized capital will be considered. Transactions with related parties, both past and future, are also up for ratification through special resolutions.
According to information available from the Pakistan Stock Exchange (PSX), Mughal Energy Limited falls under the designated market category of energy. This classification plays a crucial role in the regulatory and operational framework within which the company operates.
For administrative purposes, the company has announced the closure of its share transfer books from October 13 to October 22, 2026. Transfers and transaction IDs received by the share registrar, M/s. Digital Custodian Company Limited in Karachi, by the close of business on October 12, 2026, will be processed in time for meeting participation and voting entitlement.
Shareholders are reminded of the proxy appointment procedure, which allows them to appoint another company member to represent them at the meeting. The proxy instrument must be submitted at least 48 hours before the meeting, accompanied by an attested copy of the member’s Computerized National Identity Card (CNIC). The company has provided an instrument of proxy along with the meeting notice, complying with the guidelines set out by the Securities and Exchange Commission of Pakistan (SECP).