In accordance with Section 96 and Section 131 of the Securities Act, 2015 and Clause 5.6.2 of the Rule Book of Pakistan Stock Exchange Limited, we hereby convey the following:
Further to the disclosure made by K-Electric Limited (K-Electric) on October 24, 2022, K-Electric has been served with copy of Suit No. 1867 of 2022, Al Jomaih Power Limited & another vs IGCF SPV 21 Limited & others, and the appended ad-interim order dated October 21, 2022 passed therein. K-Electric has been impleaded in the aforesaid suit as Defendant No.4.
This is to inform you that through the ad-interim order, the Sindh High Court has directed that no change should be effected in the present Board of Directors of K-Electric till the next date of hearing i.e., 08 November 2022. Copy of the ad-interim order is attached herewith.
A disclosure form as required pursuant to SRO 143(I)/2012 dated December 05, 2012 read with Section 96 and 131 of the Securities Act, 2015 is enclosed.
You are requested to disseminate the information to the Members of the Exchange accordingly.
Yours sincerely,
Rizwan Pesnani
Chief Risk Officer & Company Secretary
Encl. As above
DISCLOSURE FORM
IN TERMS OF SECTION 96 AND 131 OF THE SECURITIES ACT, 2015
Name of Company:
K-Electric Limited (KE)
Date of Report:
26 October 2022
Name of Company as
specified in its Memorandum:
K-Electric Limited
Company's registered office:
KE House, 39/B, Sunset Boulevard, Phase II (Ext), Defence
Housing Authority, Karachi
Contact information:
Rizwan Pesnani, Chief Risk Officer & Company Secretary,
K-Electric Limited
Disclosure of price sensitive/inside information by listed company
In accordance with Section 96 and Section 131 of the Securities Act, 2015 and Clause 5.6.2 of the Rule Book of Pakistan Stock Exchange Limited, we hereby convey the following:
Further to the disclosure made by K-Electric Limited (K-Electric) on October 24, 2022, K-Electric has been served with copy of Suit No. 1867 of 2022, Al Jomaih Power Limited & another vs IGCF SPV 21 Limited & others, and the appended ad-interim order dated October 21, 2022 passed therein. K-Electric has been impleaded in the aforesaid suit as Defendant No.4.
This is to inform you that through the ad-interim order, the Sindh High Court has directed that no change should be effected in the present Board of Directors of K-Electric till the next date of hearing i.e., 08 November 2022. Copy of the ad-interim order is attached herewith.
The Company has duly caused this form/statement to be signed/on its behalf by the undersigned hereto duly authorized.
Sincerely yours,
For and on behalf of
K-Electric Limited
Rizwan Pesnani
Chief Risk Officer & Company Secretary
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K-Electric Ltd. published this content on 27 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 October 2022 04:43:07 UTC.
K-Electric Limited is a Pakistan-based company, which is principally engaged in the generation, transmission, and distribution of electric energy to industrial and other consumers. Its segments include Generation, Transmission and Distribution. The Company supplies power to all the residential, commercial, industrial, and agricultural areas that fall under the city's ambit and beyond, serving over 3.4 million customers across Karachi, Dhabeji and Gharo in Sindh, and Uthal, Vinder and Bela in Balochistan. It produces electricity from its own generation units with installed capacity of about 1875 megawatts (MW) and in addition, it has arrangements with external power producers for around 1680 MW, which include 1100 MW from the national grid. Its transmission system consists of approximately 1354 kilometers of 220 kilovolts (kV), 132kV and 66kV lines, with 71 grid stations, 20 auto transformers and 181 power transformers. Its distribution network spans across 6,500 square kilometers.
K-ELECTRIC LIMITED 
