Karachi: Sitara Chemical Industries Limited has filed an application with the Securities and Exchange Commission of Pakistan (SECP) requesting a 10-day extension for the scheduled Extraordinary General Meeting (EOGM) to elect directors. The meeting was originally set to take place by July 28, 2025. This request arises due to the unavailability of the Chief Executive, who is also the majority shareholder of the company.

The application proposes rescheduling the EOGM to August 7, 2025, to accommodate the Chief Executive's presence. The company has committed to keeping the Pakistan Stock Exchange (PSX) informed of any further developments regarding this matter.

According to information available from the Pakistan Stock Exchange (PSX), the decision to seek an extension aligns with regulatory requirements stipulated by Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of PSX Regulations. These guidelines underscore the procedural obligations the company must fulfill to ensure compliance and transparency in its governance activities.

Sitara Chemical Industries Limited operates within the designated market category of the Pakistan Stock Exchange, which necessitates adherence to such regulatory practices. The company's request for extension reflects its intent to maintain compliance and ensure the presence of all key stakeholders in the upcoming election of directors.