Lahore: Kot Addu Power Company Limited has announced the resignation of its Chief Financial Officer, Mr. Muhammad Rabnawaz Anjum. His resignation was officially approved by the Board of Directors on May 30, 2025, during a meeting held in Lahore, and will be effective from June 20, 2025.
This development comes under the compliance of Section 15D of the Securities & Exchange Ordinance, 1969, and Clause 5.19.13 (c) of the Code of Corporate Governance as outlined in the Rule Book of the Exchange. The company has adhered to the necessary regulatory requirements in making this information public.
According to information available from the Pakistan Stock Exchange (PSX), Kot Addu Power Company Limited is a key player within the designated market category of the energy sector. The company has been consistently involved in power generation and distribution, contributing significantly to the national grid.
The company has not yet announced a successor for Mr. Anjum, nor has it provided details on the interim arrangements. The departure of the CFO is a significant event for Kot Addu Power Company Limited, necessitating the need for strategic planning in the interim period to ensure continuity in financial management and reporting.