The prior announcement regarding the approval of an extension for holding the Annual General Meeting (AGM) for Dewan Farooque Motors Limited has been revoked. The Securities and Exchange Commission of Pakistan has denied the request for an extension due to the company's history of not holding AGMs timely and failing to publish quarterly accounts.
- The AGM was intended to present the annual audited financial statements for the year ended June 30, 2026.
- The extension request was submitted on October 1, 2026.
- The SEC's decision was communicated on October 14, 2026.
- Non-compliance with AGM holding may attract penalties under the Companies Act, 2017.
- The company has a history of non-compliance regarding timely AGMs.