⚡ Flash Summary
Altern Energy Limited announced the appointment of Mr. Abdul Sohail as Director of the Board, effective October 27, 2025. This appointment was decided during the Board of Directors meeting held on Monday, October 27, 2025, at 02:30 pm. The director will serve for the balance of an unexpired term. The announcement was made via notification to the Pakistan Stock Exchange Limited.
📌 Key Takeaways
- 📅 Appointment date: October 27, 2025
- 💼 Mr. Abdul Sohail appointed as Director
- 🏢 Decision made during Board meeting
- 🕒 Meeting held at 02:30 pm
- 📜 Term: Balance unexpired term
- 🇵🇰 Notification to Pakistan Stock Exchange Limited
- ⚡️ Company: Altern Energy Limited
- 📍 Headquarters: Lahore
- 🏢 Descon Headquarters address: 18-km, Ferozepur Road, Lahore
- 📞 Contact Tel: +92-42-3599 0034, Fax: +92-42-3540 1938-39
- 🏭 Plant Location: 5 km Kohat Road, Fateh Jang, District Attock
- 🌐 Website: www.alternenergypk.com
- 📧 E-mail: info@alternenergypk.com
🎯 Investment Thesis
Given the limited information, a HOLD recommendation is appropriate. The appointment of a new director does not provide sufficient grounds to change the investment thesis. More information is needed about the director’s background, expertise, and their expected impact on the company’s strategy and financial performance. Price target remains unchanged until further developments.
Disclaimer: AI-generated analysis. Not financial advice.