Hascol Petroleum Limited (HASCOL)

Hascol Petroleum Limited has issued a notice under Section 159(4) of the Companies Act, 2017, detailing the list of candidates standing for the election of seven (7) directors for a three-year term at the upcoming Extraordinary General Meeting (EOGM) scheduled for September 8, 2026. The disclosure also provides comprehensive instructions regarding postal ballot voting and e-voting procedures.

Hascol Petroleum Limited reported a net loss of PKR 3.145 billion for the half-year ended June 30, 2026, compared to a loss of PKR 4.887 billion in the same period last year. The company has made significant progress in financial restructuring, including an agreement with the National Bank of Pakistan to restructure the majority of its banking debt and securing a PKR 3 billion interest-free loan facility from its major shareholder, Vitol Dubai Limited.

Hascol Petroleum Limited reported its financial results for the half year ended June 30, 2026, showing a consolidated net loss after tax of PKR 3,103,193 thousand compared to a loss of PKR 4,874,302 thousand in the same period last year. The board of directors recommended a nil dividend for the period.