Lahore: Altern Energy Limited has announced the convening of its 32nd Annual General Meeting (AGM) on Monday, October 26, 2026, at 10:00 a.m. The event will take place at the company's registered office located at Descon Headquarters, 18-Km Ferozepur Road, Lahore. The company has outlined a range of ordinary and special business items to be addressed during the meeting.
The agenda for the AGM includes the confirmation of the minutes from the Extraordinary General Meeting held on December 31, 2025. Shareholders will also receive, consider, and adopt the company's annual audited financial statements for the year ending June 30, 2026. This includes both the directors' report and the auditors' reports, as well as the consolidated financial statements and the corresponding auditors' report.
A significant item on the agenda involves the appointment of external auditors for the coming year. The current auditors, M/s Grant Thornton Anjum Rahman, Chartered Accountants, who have served the company, are retiring but have offered themselves for re-appointment for the financial year ending June 30, 2027.
In addition to ordinary business, a special resolution is on the table concerning the potential sale and disposal of certain company assets. According to the board of directors' recommendation, the resolution seeks shareholder approval for the sale or disposal, either in part or as a whole, of the plant and machinery, stores, spare parts, and other consumables located at the company's plant site in Fateh Jang, District Attock, Punjab.
The proposal authorizes the board of directors to execute the sale on terms they deem favorable and in the best interests of the company and its shareholders. Additionally, the Chief Executive Officer and/or the Company Secretary are empowered to negotiate, secure offers, and finalize agreements related to the asset sale.
According to information available from the Pakistan Stock Exchange (PSX), Altern Energy Limited is categorized under the designated market category, reflecting its standing and classification within the financial market.