Karachi: Sitara Energy Limited has announced the convening of an Extra-Ordinary General Meeting (EOGM) scheduled for April 15, 2025, at 11:00 a.m. This meeting will take place at the Business Centre, Room No. 606, 6th Floor, Mumtaz Hasan Road, Karachi. The agenda focuses on ordinary business, primarily the confirmation of minutes from the last Annual General Meeting held on October 28, 2024, and the election of seven directors for a three-year term starting April 15, 2025.

The Board of Directors decided on February 26, 2025, to set the number of directors at seven, in compliance with Section 159 of the Companies Act, 2017. The directors' election is a routine but significant process to ensure leadership continuity and adherence to corporate governance norms, as outlined by the law. The retiring directors include Mr. Javed Iqbal, Mrs. Naureen Javed, Ms. Haniah Javed, Mr. Tahir Ibrahim, and three independent directors: Mr. Shahid Hameed Sheikh, Mr. Milbashir Ahmed Zareen, and Sheikh Javaid Islam.

According to information available from the Pakistan Stock Exchange (PSX), Sitara Energy Limited operates within the designated market category of the energy sector. This upcoming EOGM represents a routine corporate governance exercise, ensuring the company remains aligned with regulatory requirements and maintains its strategic direction.