Karachi: In accordance with the Companies Act of 2017, The Hub Power Company Limited has issued a formal notice regarding the upcoming election of directors at its 33rd Annual General Meeting (AGM). This significant event is scheduled to take place on September 30, 2024, at 10:00 AM at the Marriott Hotel on Abdullah Haroon Road in Karachi.

The notice, disclosed under Section 159(4) of the Companies Act, 2017, was published in two major newspapers today, namely the "Business Recorder" in English and "Nawa-i-Waqt" in Urdu. This announcement is intended to inform all shareholders and TRE Certificate Holders associated with the Pakistan Stock Exchange (PSX).

According to information available from the Pakistan Stock Exchange (PSX), the candidates who have expressed their intent to serve as directors include Ms. Aleeya Khan, Mr. M. Habibullah Khan, Mr. Aly Khan, Mr. Manzoor Ahmed, Mr. Saad Iqbal, Mr. Shafiuddin Ghani Khan, and Syed Bakhtiyar Kazmi. Their candidatures are aligned with the provisions under Section 159(3) of the Companies Act.

As the number of candidates does not exceed the number of director slots determined by the Board under Section 159(1) of the Act and Regulation 7A of the Listed Companies (Code of Corporate Governance) Regulations, 2019, these nominees are set to be automatically elected at the AGM.

The Independent Directors were selected based on a thorough evaluation of their expertise, qualifications, diversity, skills, and knowledge, which meets the rigorous criteria specified in Section 166 of the Companies Act and the corresponding regulations. Detailed profiles of the candidates have been made available on the company's website for shareholder review.