Lahore: Altern Energy Limited has announced an Extraordinary General Meeting (EOGM) to be held on December 31, 2025, at 11:00 a.m. The event is scheduled to take place at Descon Headquarters, 18-Km Ferozepur Road, Lahore. The meeting will address several crucial items of business, most notably the election of seven directors to the company's board.

The primary agenda of the EOGM includes confirming the minutes from the previous Annual General Meeting held on October 27, 2025. Additionally, the meeting will focus on electing seven directors to replace the current directors whose terms are concluding. Notably, the retiring directors, including Mr. Faisal Dawood and Mrs. Mahreen Dawood, are eligible for reelection. This election is in accordance with Section 159(1) of the Companies Act, 2017, and the new term for the elected directors will commence on the day of the meeting, December 31, 2025.

Members are entitled to appoint proxies to attend, speak, and vote on their behalf. The necessary documentation for proxy appointments must be submitted no later than 48 hours before the meeting. The company has also made provisions for members to attend the meeting via a video link, ensuring broader participation.

According to information available from the Pakistan Stock Exchange (PSX), Altern Energy Limited is classified under the designated market category of power generation companies. This classification underlines the company's pivotal role in the energy sector, which remains a vital component of the national economy.

The meeting will also provide an opportunity for shareholders to address any other business matters with the permission of the Chair. Furthermore, the company has emphasized the importance of converting physical shares into a book-entry form and has urged shareholders to claim any uncollected dividends or physical shares.

In compliance with the Securities and Exchange Commission of Pakistan's regulations, companies are prohibited from distributing gifts or incentives to shareholders during general meetings. This directive aims to maintain transparency and adherence to corporate governance standards.

The EOGM represents a significant event for Altern Energy Limited as it sets the stage for the company's leadership for the next three years. The election process is designed to ensure that the company continues to meet its governance obligations, with a focus on maintaining a board that is compliant with all regulatory requirements.