Oct 26, 2026, 12:33 PM
Sui Northern Gas seeks further extension to hold FY2025-26 AGM and lay audited accounts
Legal / RegulatorySui Northern Gas Pipelines Limited has applied to the SECP for an additional 55 days from the date the Final Revenue Requirement (FRR) for FY2025-26 is communicated by OGRA to hold its AGM and lay audited accounts for the year ended June 30, 2026. The company says its financial statements depend on OGRA’s pending FRR determination and that at least 55 days are needed to finalize and approve the accounts and complete statutory AGM notice requirements. The application follows an earlier 30-day extension through November 27, 2026.
Key Findings
- The company applied to the SECP on October 26, 2026 for 55 days from communication of the FY2025-26 FRR by OGRA.
- OGRA’s determination of SNGPL’s Final Revenue Requirement was still awaited as of October 26, 2026, despite follow-ups.
- The company states that its financial statements are legally contingent on the FRR determination and that finalizing accounts without it would not reflect a true and fair view.
- The requested time is intended to allow completion and approval of audited accounts and statutory notice for the AGM.
- An earlier SECP approval had granted a 30-day extension through November 27, 2026.
Disclosure Details
Entities Involved
Sui Northern Gas Pipelines Limited, Securities and Exchange Commission of Pakistan, Oil and Gas Regulatory Authority
Approvals Required
SECP approval of the requested extension
Impact
The requested extension would allow SNGPL to hold its FY2025-26 AGM and lay audited accounts after OGRA communicates the FRR and the company completes account finalization and statutory procedures.
Risks
The FRR determination remained pending, delaying finalization of the FY2025-26 financial statements and AGM arrangements., The requested extension is an application; approval is not stated in the document.
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.