Karachi: Wafi Energy Pakistan Limited has announced the upcoming election of its Board of Directors, scheduled to take place on June 11, 2026, at the Movenpick Hotel, Grand Ballroom, Karachi, with an option for virtual attendance via video-conference. This election is set to fill ten director positions, as fixed by the company’s board, and will be conducted during the company’s Extraordinary General Meeting (EGM).
The notice, published on June 4, 2026, in both Dawn and Nawa-i-Waqt newspapers, outlines the intentions of several individuals to contest for the director roles. Those vying for election include Mr. Amir R. Paracha, Dr. Ayesha Khan, Mr. Badaruddin F. Vellani, Mr. Ghassan Almoudi, Mr. Habib Haider, Mr. Hans-Christoph Bausch, Mr. Javaid Akhtar, Mr. Jibran Sarfaraz, Mr. Kai-Uwe Witterstein, Mr. Khan Muhammad Baloch, Mr. Muhammad Casim, Mr. Waheedi A. Shaikh, and Mr. Zaffar A. Khan. The list of candidates exceeds the number of positions available, indicating a competitive election process.
According to information available from the Pakistan Stock Exchange (PSX), Section 167(1) of the Companies Act, 2017, governs the election proc$edures, while Section 159(1) outlines the necessity of a contest when the number of candidates surpasses the positions available. This ensures adherence to regulatory standards for corporate governance.
For the election process, Wafi Energy Pakistan Limited has appointed BDO Ebrahim & Co. Chartered Accountants as the Scrutinizer. As per the Companies (Postal Ballot) Regulations, 2018, this firm, recognized for its OCR-rated audit services, will oversee the voting process. The Scrutinizer is tasked with ensuring the election is conducted transparently and in compliance with all applicable legal requirements.
The company’s decision to hold the election both in-person and virtually aligns with modern corporate practices, allowing broader participation. This approach reflects the evolving landscape of corporate governance, highlighting the company’s commitment to inclusivity and accessibility in its decision-making processes.