Mughal Energy Limited (GEM) held its 14th Annual General Meeting on October 22, 2026, where several key resolutions were adopted by the members.
- Meeting Date: October 22, 2026
- Venue: Avari Hotel, 87-shahrah-e-Quaid-e-Azam, Lahore
- Resolutions passed include:
- Approval of Audited Financial Statements for the year ended June 30, 2026.
- Appointment of M/s. Muniff Ziauddin & Company as auditors for the term 2026-2027.
- Authorization to obtain a finance facility of PKR 500.000M and a corporate guarantee facility of PKR 3,000.000M from Mughal Iron & Steel Industries Limited.
- Increase in Authorized Capital from PKR 2,500.000M to PKR 4,500.000M.
- Ratification of related party transactions for the year ended June 30, 2026.
- No book closure dates for voting entitlement were mentioned.