Resignation by Director/Chairman of the Board of K-Electric Limited.

Karachi: K-Electric Limited informed Pakistan Stock Exchange that Director/Chairman of the Board Mr. Ikram Ul-Majeed Sehgal has resigned from the directorship of the Company with effect from November 06, 2019.

"K-Electric Limited formerly Karachi Electric Supply Company Limited was incorporated as a limited liability company on September 13, 1913. The foundations of the business were laid using the repealed Indian Companies Act, 1882 which is now referred to as the Companies Ordinance, 1984. The company is engaged in the business of generation, transmission and distribution of electric energy to industrial and other consumers under the Electricity Act, 1910 and Nepra Act, 1997. The registered office of the company is located in Karachi. The stocks of the company are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan.

The company is at present a vertically-integrated power utility in Pakistan that manages the generation, transmission and...

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