Lahore: Nishat Chunian Power Limited has formally announced its forthcoming Annual General Meeting (AGM) to be held on October 27, 2025. The session is scheduled for 12:15 p.m. at the Emporium Mall, The Nishat Hotel, located in Johar Town, Lahore. The meeting will address several key issues, including the adoption of the company's audited financial statements for the fiscal year ending June 30, 2025, and the ratification of interim dividends, among other items on the agenda.
The notice, further to a prior communication dated September 29, 2025, was circulated among certificate holders with instructions on attending and appointing proxies for the AGM. Members are advised to bring necessary identification for verification, as outlined by the Securities and Exchange Commission of Pakistan (SECP) guidelines.
In alignment with modern communication methods and regulatory compliance, the company has made its 2025 annual report available electronically via email to members and through a QR-enabled code and web link. Hard copies remain available upon request at no charge, underscoring the company's commitment to transparency and accessibility.
According to information available from the Pakistan Stock Exchange (PSX), Nishat Chunian Power Limited has also updated its stakeholders on its investment activities, notably in NexGen Auto (Private) Limited. An equity investment of PKR 2 billion and a loan/advance of PKR 500 million were approved in an Extraordinary General Meeting on August 13, 2025. There have been no deviations from the planned investment timeline. The financial performance of NexGen, as reflected in the un-audited financial statements for the half-year ending June 30, 2025, shows a basic loss per share of PKR 0.41 and a breakup value per share of PKR 9.59, indicating a big move from the previous financial year.
Shareholders who have not yet collected their dividends or physical shares are encouraged to contact the Share Registrar, Hameed Majeed Associates (Pvt) Ltd. The company also reiterated the importance of converting physical shares into book-entry form, as required by the Companies Act, 2017, and requested the submission of valid CNICs from all shareholders.
No gifts will be distributed during the AGM, in compliance with regulations. Participants may also choose to attend the meeting via a video link, ensuring wider accessibility for all stakeholders.