Lahore: Oilboy Energy Limited has submitted an application to the Securities and Exchange Commission of Pakistan (SECP), seeking an extension to hold its Annual General Meeting (AGM) for the financial year ending June 30, 2026. The company, identified by Corporate Unique Identification Number 0030651 and based in Lahore, is requesting this extension due to delays in the audit process.

According to the Companies Act, 2017, Oilboy Energy Limited is mandated to convene the AGM within 120 days of the financial year’s closure, with the deadline being October 28, 2026. However, unforeseen circumstances have hindered the company’s ability to meet this requirement.

The company’s external auditors have indicated that additional time is required to complete the audit of the financial statements, citing pending information as a primary reason. The requested extension is deemed necessary to ensure accurate and compliant financial disclosures. This delay is attributed to unavoidable circumstances in the audit process, as detailed in a formal written explanation from the auditors.

Oilboy Energy Limited is seeking a 30-day extension to hold the AGM by November 28, 2026, or another date deemed appropriate by the SECP. This extension is intended to allow the company to finalize and present its audited financial statements to shareholders, in adherence to the mandates of Section 223(7) of the Companies Act.

In support of its request, the company has submitted several documents, including a verified affidavit from the Chief Executive Officer, a certificate from the external auditors, and a payment proof of Rs. 15,025 for the application fee. The company has also informed the Joint Registrar of the Companies in Lahore of this application.

According to information available from the Pakistan Stock Exchange (PSX), Oilboy Energy Limited is categorized under the energy sector, a crucial designation in the market.

Oilboy Energy Limited emphasizes the importance of this extension in fulfilling its compliance obligations and expresses its commitment to convene the AGM promptly upon completion of the audit process. The company has expressed appreciation for the SECP’s consideration and anticipates the commission’s support in meeting its regulatory responsibilities.