Mughal Energy Limited Announces Upcoming Board Meeting and Closed Period

Lahore: Mughal Energy Limited will convene a Board of Directors meeting on August 30, 2024, at the Company’s registered office in Lahore to review the annual audited financial statements for the fiscal year ending June 30, 2024, and discuss potential entitlements.

The meeting will focus on the financial outcomes of the past year and address any decisions regarding shareholder entitlements. Mughal Energy Limited has also initiated a “CLOSED PERIOD” starting from August 23, 2024, until the day of the meeting, during which no director, CEO, or executive is permitted to trade the Company’s shares. This measure is in compliance with Clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange Limited (PSX).

According to information available from the Pakistan Stock Exchange (PSX), this period of restriction is a standard practice to prevent insider trading and ensure transparency as the board discusses the company’s financial results and future strategies.

Stakeholders, particularly TRE Certificate Holders, have been notified of these developments to ensure compliance with regulatory requirements and corporate governance standards.

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