Karachi: Wafi Energy Pakistan Limited has issued a formal notice regarding its upcoming Extraordinary General Meeting (EOGM), slated to take place on June 11, 2026, at the Movenpick Hotel in Karachi, with the provision for virtual attendance. According to the company, the primary agenda for this meeting is the election of ten directors, as determined by the Board of Directors, for a tenure of three years starting from June 13, 2026.
The EOGM will address the election of directors, with the current board members eligible for re-election. The retiring directors include Mr. Zaffar Khan, Mr. Ghassan Al Amoudi, Mr. Amir Paracha, Mr. Javaid Akhtar, Mr. Parvez Ghias, Mr. Kai-Uwe Witterstein, Mr. Badaruddin F. Vellani, Mr. Hans-Christoph Bausch, Mr. Imran Ibrahim, and Dr. Ayesha Khan.
In compliance with the Companies Act, 2017, the meeting details and the statement of material facts have been provided to the certificate holders of the exchange. According to information available from the Pakistan Stock Exchange (PSX), the election process for independent directors will adhere to the requirements set forth in the Companies (Manner and Selection of Independent Directors) Regulations, 2018.
Members and proxies intending to participate in the meeting, either physically or virtually, are required to register by June 8, 2026. The company emphasized that members holding physical shares should convert their holdings into the Book-Entry form to facilitate smoother transactions.
The register of members will remain closed from June 4 to June 11, 2026. Any changes in addresses or share transfers should be communicated promptly to FAMCO Share Registration Services, the company’s designated registrar.
In alignment with regulatory mandates, Wafi Energy Pakistan Limited has reiterated the prohibition of gift distribution during the EOGM, as per the Securities and Exchange of Pakistan’s directives. Furthermore, individuals vying for directorships must submit their candidacies along with requisite documentation by May 28, 2026, ensuring compliance with the Companies Act and corporate governance regulations.