Shareholders interested in contesting the upcoming board elections of K-Electric Limited must submit their notice of intention and required documents by March 19, 2026, according to an addendum issued ahead of the company’s Extraordinary General Meeting (EOGM).
The update follows developments after the initial EOGM notice released on March 4, 2026, which required revisions to the election process and meeting schedule.
Key changes announced by K-Electric
The company has informed shareholders that several important changes have been made regarding the board election process, EOGM date, and statutory timelines.
1. Election to be held for 13 directors
Previously, the company had fixed 13 board seats, with three directors nominated by the Government of Pakistan under Companies Act, 2017, meaning elections were planned for the remaining 10 seats.
However, the Government of Pakistan communicated on March 9, 2026, that it may exercise its right to appoint directors through election and/or nomination.
As a result:
• Elections will now be held for all 13 director positions
• The process will follow Section 159 of the Companies Act, 2017
Revised date for the Extraordinary General Meeting
Due to the updated election arrangements, the EOGM schedule has also changed.
📅 New EOGM date: April 2, 2026
⏰ Time: 11:30 a.m.
📍 Venue: Same location as previously announced, with video link facility available for shareholders.
The meeting was originally scheduled for March 25, 2026.
Updated book closure dates
K-Electric has also revised its share transfer book closure period.
📌 Book closure: March 25 – April 2, 2026 (both days inclusive)
Share transfers received by the company’s share registrar by the close of business on March 24, 2026 will be considered valid for determining shareholders eligible to attend and vote at the EOGM.
Important deadlines shareholders should know
📄 Director candidature submission
Anyone planning to contest the board elections must:
• Submit notice of intention
• Provide all required documents
🗓 Deadline: March 19, 2026
📍 Submission place: Registered office of K-Electric Limited
🗳 E-voting and postal ballot schedule
Under the Companies (Postal Ballot) Regulations, 2018, shareholders can vote electronically or through postal ballots.
⏳ Voting period:
• Start: March 29, 2026 – 5:00 p.m.
• End: April 1, 2026 – 5:00 p.m.
🧾 Proxy submission deadline
Shareholders who wish to appoint proxies must submit completed proxy forms within the statutory timeframe.
📌 Proxy deadline: March 31, 2026 at 11:30 a.m.
(This is 48 hours before the EOGM.)
What remains unchanged
K-Electric clarified that all other instructions and conditions mentioned in the original EOGM notice dated March 4, 2026 remain applicable, unless they conflict with the new addendum.
The notice addendum was issued by order of the board, signed by Rizwan Pesnani, Chief Risk Officer and Company Secretary of the company.
Why this development matters
The election of directors at K-Electric Limited is closely watched by investors because the board plays a crucial role in shaping the company’s governance, strategic decisions, and operational oversight.
With the government opting to retain flexibility regarding nomination or election of directors, shareholders will now vote for all 13 board seats, making the upcoming EOGM particularly significant.
Key timeline at a glance
| Event | Date |
| Deadline to file director candidature | March 19, 2026 |
| Share transfer deadline | March 24, 2026 |
| Book closure period | March 25 – April 2, 2026 |
| E-voting / postal ballot | Mar 29 – Apr 1, 2026 |
| Proxy submission deadline | March 31, 2026 |
| Extraordinary General Meeting | April 2, 2026 |