Karachi: Sitara Energy Limited has released a public notice under Section 159(4) of the Companies Act, 2017, in prominent Pakistani newspapers, according to information provided by the company.
The notice, dated April 08, 2025, was published in both English and Urdu languages in the Daily Business Recorder and Daily Express, respectively. These publications are circulated across Karachi, Lahore, and Islamabad, ensuring broad dissemination of the information.
The notice pertains to compliance with Rule No.5.6.1 of the Companies Act, 2017, which mandates specific disclosures by companies. The section cited in the notice addresses the requirements related to the publication of certain corporate announcements, ensuring transparency and adherence to regulatory standards.
According to information available from the Pakistan Stock Exchange (PSX), Sitara Energy Limited is categorized under the designated market category for energy companies. This sector is a crucial component of the exchange, reflecting the company's role in the national energy supply.
The publication of this notice aligns with Sitara Energy Limited's commitment to regulatory compliance and transparency. By utilizing major newspapers for the announcement, the company ensures that stakeholders, including investors and the general public, are adequately informed about its corporate activities.