It states that the Board of Directors for Mughal Energy Limited (PSX: GEMMEL) has approved alterations to the Sukuk Issue, now valued at Rs. 2.5 billion. This Sukuk would be issued to the shareholders, together with a conversion option to ordinary shares.
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The company intends to obtain further share capital approval from its members according to the provisions of the Companies Act 2017. To consider these amendments, hold an Extraordinary General Meeting on January 1, 2025.