Altern Energy Limited has announced its 32nd Annual General Meeting (AGM) scheduled for October 26, 2026, to discuss various business matters including financial statements and a significant resolution regarding the disposal of surplus assets.
- Meeting Details:
- Type: AGM
- Date: October 26, 2026
- Time: 10:00 a.m.
- Venue: Descon Headquarters, 18-Km Ferozepur Road, Lahore
- Agenda Items:
- Confirmation of minutes from the previous Extraordinary General Meeting.
- Adoption of Annual Audited Financial Statements for the year ended June 30, 2026.
- Appointment of external auditors for the year ending June 30, 2027, with the current auditors eligible for re-appointment.
- Special Resolution to approve the disposal and sale of surplus plant and machinery, stores, and consumables.
- Important Dates:
- Closure of Share Transfer Books: October 20, 2026, to October 26, 2026.
- Voting entitlement for final cash dividend requires transfers to be submitted by October 19, 2026.
- The proposed asset disposal is a strategic move following the termination of the Power Purchase Agreement, aimed at realizing value from surplus assets.