Kot Addu Power Announces Directorial Candidates for Twelfth EGM

Islamabad: Kot Addu Power Co. Ltd. has officially announced the slate of candidates for the upcoming election of directors, as required under Section 159(4) of the Companies Act, 2017. The Twelfth Extraordinary General Meeting (EGM) scheduled for October 2, 2024, will see eight nominees vying for directorial positions, each aiming for a three-year term.

The notice, compliant with the corporate legal framework, lists Lt. General (Retd) Sajjad Ghani, Mr. Aqeel Ahmed Nasir, Mr. Saad Iqbal, Mr. Naveed Asghar Chaudhry, Mr. Jamil Akhtar, Mr. Hafiz Mohammad Yousaf (Independent Director), Ms. Mahwish Humayun Khan (Female Independent Director), and Mr. Khawaja Khalil Shah (Independent Director) as the candidates. According to information available from the Pakistan Stock Exchange (PSX), this list matches the number of directorships set by the Board in line with the governance regulations and Section 159(1) of the Act.

Subject to the approval of a special resolution outlined in the Twelfth EGM’s agenda, these candidates are set to be automatically elected given the absence of additional nominees. The company emphasizes that the selection of independent directors was based on a rigorous criteria assessment focusing on their expertise, qualifications, diversity, skills, and knowledge, in accordance with Section 166 of the Companies Act and relevant regulations.

Details on each nominee’s background and qualifications are available for shareholders’ review on Kot Addu Power’s official website.

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