Karachi: Kot Addu Power Company Limited has announced a change in its board of directors following the resignation of Mr. Jamil Akhtar. The company disclosed that Mr. Akhtar stepped down from his position as director with effect from March 27, 2025. The announcement was made on April 3, 2025, and the company is yet to name a successor for the vacated position.

The company has communicated that the process to appoint a new director is underway and that the name of the succeeding director will be disclosed in due course. Market participants, including the TRE Certificate Holders of the Exchange, have been notified of the change.

According to information available from the Pakistan Stock Exchange (PSX), the Kot Addu Power Company Limited operates within the Utilities sector, which is a significant segment of the designated market category. The company’s performance and governance are closely monitored by investors and stakeholders alike.

The resignation of Mr. Akhtar, who served on the board for an unspecified period, marks a notable change in the company’s leadership structure. The forthcoming appointment is anticipated by market observers as it could influence the company’s strategic direction. More updates will be provided as information becomes available.