Islamabad, 3 june 2025: Mari Energies has begun executing orders from the Islamabad High Court in connection with Section 236Z of the Income Tax Ordinance, 2001, signaling a fresh wave of enforcement tied to shareholder compliance.
The energy firm disclosed in a recent notification to the Pakistan Stock Exchange (PSX) that it has formally directed both the Central Depository Company (CDC) and its share registrar to adhere strictly to the court’s judgment.
The move marks a key development for Mari Energies, as it lifts share restrictions for investors who have fulfilled their tax obligations. In line with the court’s directive, shareholders compliant with Section 236Z have now had liens removed from their held shares, clearing the way for full access and tradability.
READ MORE: Mari Energies Starts Production from Waziristan
Conversely, for shareholders with outstanding tax dues, Mari Energies confirmed that their bonus shares 10% for compliant taxpayers and 20% for non-filers will be liquidated through the company’s designated investor account.
The proceeds will be used to offset the pending tax liabilities, as mandated by law. Any surplus bonus shares left after these recoveries will be transferred directly to the respective CDC accounts of the shareholders concerned.
Mari Energies emphasized that all necessary steps are being taken to expedite this process efficiently and transparently.
READ MORE: Mari Energies Starts Production from Waziristan
The company has reassured stakeholders of its commitment to legal compliance and investor fairness, reflecting broader regulatory efforts to enforce tax responsibility across the capital markets.
By aligning its operations with judicial instructions, Mari Energies reinforces its position as a law-abiding corporate entity in Pakistan’s evolving financial landscape.
