KARACHI : K- Electric has unveiled the names of candidates for the new independent directors of its Board.
According to the Company, members of K-Electric Limited are hereby notified pursuant to Section 159(4) of the Companies Act 2017 (the Act), that the following persons have filed, with the Company, notice of their intention to offer themselves for election as Directors at the
Extraordinary General Meeting (EOGM) of the Company scheduled to be held on Thursday, 2nd April 2026 as well as through electronic means/video link facility: Mr. Adeeb Ahmad, Faisal Ahmed Siddiqui, Mubasher Hussain Sheikh, Muhammad Kamran Kamal Mujahid Pervaiz, Mustafa Nasir Farooki, Sameer Arshad Chishty, Shaheryar Arshad Chishty, Shan E Abbas Ashary, Muhammad Rizwan Yaseen (Representing Minority Shareholders), Arif Elahi (Independent Director) Fahad Sultan Ahmed (Independent Director) and Imran Iqbal (Independent Director).
The Board of Directors had fixed the number of Directors to be elected at thirteen.
On 19th March, 2026, Government of
Pakistan (GOP) has intimated that it has decided to exercise its right under section 165 of the Act to nominate three directors on the Board. Accordingly, excluding three directors appointed by way of nomination of the GOP, the remaining number of Directors to be elected are ten .
According to KE, as the number of persons who have offered themselves to be elected is more than the number of Directors fixed by the Board, therefore the election of Directors, excluding three directors appointed by way of nomination of the GOP, will be held in accordance with the provisions of Section 159 of the Act and any other Rules and Regulations thereunder at the EOGM of the
Company.
Pursuant to applicable legal framework, in addition to physical voting arrangements at the venue of EOGM, members of the
Company are allowed to exercise their right to vote through e-voting/postal ballot.
Those who are contesting to be elected as Independent Directors meet the criteria laid down in Section 166(2) of the Act and sub-regulation (1) of Regulation (4) of the Companies (Manner & Selection of Independent Directors) Regulations, 2018.
Ends
