MELGEM/FY-Q-1/2024 | October 23, 2024 |
The General Manager
Pakistan Stock Exchange Limited,
Stock Exchange Building,
Stock Exchange Road,
Karachi.
By PUCAR & Courier
FINANCIAL RESULTS FOR THE QUARTER ENDED SEPTEMBER 30, 2024
Dear Sir,
We are pleased to inform you that the Board of Directors of Mughal Energy Limited in their meeting held on October 23, 2024 at 11:45 am at 31-A Shadman 1, Lahore, have considered and approved the condensed quarterly financial statements of the Company for the quarter ended September 30,
2024 and recommended the following:
(i) CASH DIVIDEND | Nil |
(ii) BONUS SHARES | Nil |
(iii) RIGHT SHARES | Nil |
(iv) ANY OTHER ENTITLEMENT/CORPORATE ACTION / PRICE-SENSITIVE INFORMATION
- The financial results of the Company for the quarter ended September 30, 2024 are attached herewith as "ANNEXURE-A".
The condensed quarterly financial statements of the Company for the period ended September 30, 2024 will be transmitted through PUCARS separately, within the specified time.
A disclosure form as required under SRO 143(1)/2012 dated December 05, 2012 read with Sections 96 and 131 of Securities Act, 2015 in relation to above inside information is attached herewith as "ANNEXURE-B".
Yours Sincerely
for MUGHAL ENERGY LIMITED
MUHAMMAD FAHAD HAFEEZ
(Company Secretary)
-
Executive Director/HOD Offsite-II Department,
Securities & Exchange Commission of Pakistan, Islamabad.
The Director / HOD Corporate Supervision Department, Securities & Exchange Commission of Pakistan, Islamabad
MUGHAL ENERGY LIMITED
CONDENSED INTERIM STATEMENT OF PROFIT OR LOSS
FOR THE QUARTER ENDED SEPTEMBER 30, 2024 (UNAUDITED)
Note | 2024 | 2023 | |
-----------Rupees----------- | |||
Revenue | - | - | |
Cost of revenue | - | - | |
Gross profit / (loss) | |||
Administrative expenses | (2,178,979) | (11,556,080) | |
Other charges | (52,500) | (118,710) | |
Other income | 965,464 | 878,532 | |
Finance cost | (1,017) | (31) | |
(1,267,032) | (10,796,289) | ||
Loss before taxation | (1,267,032) | (10,796,289) | |
Taxation | - | - | |
Loss for the period | (1,267,032) | (10,796,289) | |
Loss per share - basic & diluted | 7 | (0.01) | (0.06) |
The annexed notes, from 1 to 13, form an integral part of these condensed interim financial statements.
KHURRAM JAVAID | MUHAMMAD ZAFAR IQBAL | FAHAD JAVAID |
CHIEF EXECUTIVE OFFICER / DIRECTOR | CHIEF FINANCIAL OFFICER | DIRECTOR |
"ANNEXURE - B"
DISCLOSURE FORM
IN TERMS OF SECTIONS 96 AND 131 OF THE SECURITIES ACT, 2015
Name of Company: | Mughal Energy Limited | |
Date of Report: | October 23, 2024 | |
Contact information: | Muhammad Fahad Hafeez | |
Company Secretary | ||
31-A Shadman 1, Lahore | ||
Contact No: 042-35960841(155) | ||
Fax No: | 042-35960846 | |
Email: | fahadhafeez@mughalsteel.com |
Please mark the appropriate box below:
- Disclosure of inside information by listed company
Public disclosure of inside information, which directly concerns the listed securities:
- The financial results of the Company for the quarter ended September 30, 2024 are attached herewith as "ANNEXURE-A".
SIGNATURES
In case of company pursuant to the requirements of the securities Exchange Ordinance 1969 (XVII), the Company has duly caused this form / statement to be signed / on its behalf by the undersigned hereunto duly authorized.
Yours Sincerely,
For MUGHAL ENERGY LIMITED
MUHAMMAD FAHAD HAFEEZ
(Company Secretary)
Dated: October 23, 2024