Karachi: Imperial Limited has been granted extensions by the Securities and Exchange Commission of Pakistan (SECP) to convene its Annual General Meeting (AGM) and to submit its quarterly financial statements. According to information available from the Pakistan Stock Exchange (PSX), these extensions are in accordance with Sections 132 and 223, as well as Section 237 of the Companies Act, 2017. The AGM is now scheduled for November 27, 2024, and the filing deadline for the quarterly financials ending September 30, 2024, is extended to November 29, 2024.

This regulatory adjustment provides Imperial Limited additional time to compile and lay down its annual audited financial statements for the year ended June 30, 2024, as well as its first quarterly financial statements for the subsequent period. The extensions come amid disclosures that there is no provision in the law for granting additional time for the quarter board meeting, which implies that Imperial Limited must still meet other statutory timelines without delay.

The SECP’s approval is conditional and does not prejudice any actions that may be initiated for non-compliance with other requirements of the Act. This development ensures that Imperial Limited remains in compliance with corporate governance standards while finalizing its financial documents.