Lahore: Oilboy Energy Limited has formally requested an extension from the Securities and Exchange Commission of Pakistan (SECP) for the holding of its Annual General Meeting (AGM) for the financial year ending June 30, 2025. The company has cited delays in the completion of its financial statements as the primary reason for the requested postponement.
In a detailed application submitted to the SECP, Oilboy Energy Limited outlined its request for a 30-day extension. The company seeks to hold the AGM and present its financial statements by November 27, 2025, rather than the originally scheduled date of October 28, 2025. The financial statements for the year ended June 30, 2025, have not been completed on schedule due to unresolved matters impacting the company’s financial position, according to the application.
The documentation submitted with the application includes an affidavit from the company’s Chief Executive Officer, a paid challan of Rs. 15,025, and a letter from the external auditors, M/s Iqbal Yasir & Co. The request also features an extract of a board resolution dated October 3, 2025, authorizing the application for an extension.
According to information available from the Pakistan Stock Exchange (PSX), the company has been transparent about its request and has provided all requisite documents to support its application. This includes the audited annual accounts for the year ending June 30, 2024, and an affidavit from the company secretary affirming the accuracy of the submitted information.
The delay in finalizing the financial statements has been attributed to unresolved matters that significantly impact the company’s financial position. With the statements now finalized, the audit process is underway and expected to be completed by the end of October 2025. The company believes that a 30-day extension will provide sufficient time to conduct the necessary statutory processes for the AGM.
Oilboy Energy Limited’s last Annual General Meeting was held on December 7, 2024, where the financial statements for the year ending June 30, 2024, were laid before the stakeholders. The company, registered under number 0030651 and located at 5A/1, Gulberg 3, Off M.M Alam Road, Lahore, has expressed its commitment to fulfilling statutory requirements while ensuring accuracy in financial reporting.
The company awaits a response from the SECP regarding its application for an extension.