Karachi: K-Electric Limited has announced a rescheduling of its upcoming Board of Directors meeting originally set for September 25, 2024, at 11:00 AM. The meeting will now commence an hour later at the same location in Karachi, focusing on various corporate affairs excluding financial results and entitlement declarations.

The adjustment in timing was necessitated by unspecified reasons related to the agenda items. These discussions, pivotal for the strategic direction of the company, exclude any deliberations on financial results or the declaration of dividends and other shareholder entitlements.

According to information available from the Pakistan Stock Exchange (PSX), the company has also instituted a "Closed Period" starting from September 19, 2024, until the day of the meeting on September 25, 2024. During this time, major stakeholders such as Directors, the CEO, and Executives are prohibited from trading shares of the company. This measure is in compliance with Clause 5.6.1(d) of the PSX Regulations, aiming to prevent insider trading and ensure transparency during pivotal corporate decisions.

Stakeholders, particularly Certificate Holders of the Exchange, have been advised of these developments to maintain regulatory compliance and corporate governance standards.