Altern Energy Limited Announces Financial Results for the Year Ended June 30, 2023, Recommends No Dividend, Bonus Shares, or Right Shares.

Karachi -- In a recent announcement, Altern Energy Limited disclosed its financial results for the fiscal year ending June 30, 2023. The company's Board of Directors convened on Monday, October 2, 2023, to make several key recommendations.

The most significant revelation from the meeting was the decision to recommend no dividends, bonus shares, or right shares to the shareholders. This choice reflects the company's strategy for allocating its resources and capital at this juncture.

The Unconsolidated and Consolidated financial results for Altern Energy Limited can be found in Annexure "A" and "Annexure B" of the official communication sent to shareholders. These reports provide an in-depth analysis of the company's financial performance throughout the fiscal year.

Shareholders are also informed that the Annual General Meeting (AGM) of the company is scheduled for October 24, 2023, in Lahore. The AGM serves as a platform for shareholders to discuss the company's progress, future plans, and financial outlook.

In addition, the company will temporarily close its Share Transfer Books from...