Islamabad: Punjab Oil Mills Limited has filed an application seeking a further 30-day extension for holding its Annual General Meeting (AGM) and submitting its annual financial accounts for the year ending June 30, 2026. The company has cited delays in audit completion as the primary reason for the request.

The last AGM of Punjab Oil Mills Limited was conducted on October 28, 2025, covering the financial year ending June 30, 2025. The company is now requesting an extension up to October 28, 2026, to hold the AGM for the current fiscal year, which aligns with the statutory requirements under Sections 147 and 223 of the Companies Act, 2017.

According to information available from the Pakistan Stock Exchange (PSX), the company has submitted all necessary documents and explanations required under Regulation 27 of the Companies General Provisions and Forms Regulations, 2018, along with the application fee of Rs. 15,025.

The delay has been attributed to the auditors' need for an additional two to three weeks to finalize the audit, necessitating the extension request. The management has provided an auditor's certificate confirming the status of the accounts and the reasons for the audit delay.

Punjab Oil Mills Limited, registered under number 0008365, is located at Plot No. 27-28, Industrial Triangle, Kahuta Road, Islamabad. The company has expressed its anticipation of a prompt response from the Securities and Exchange Commission of Pakistan (SECP) to avoid potential noncompliance issues.