⚡ Flash Summary

Engro Powergen Qadirpur Limited has announced the upcoming election of directors at an Extraordinary General Meeting (EOGM) scheduled for October 14, 2025. Seven candidates have filed notices of their intention to offer themselves for election, including both non-executive and independent directors. Since the number of candidates does not exceed the number of directors fixed by the board, all candidates will be deemed elected at the EOGM. The company has posted the profiles of the candidates on its website for review.

📌 Key Takeaways

• 📅 EOGM Date: October 14, 2025
• 🏢 Location: Karachi School of Business and Leadership (KSBL)
• 🧑‍💼 Seven candidates have filed notices for director election
• 👤 Athar Abrar Khwaja: Non-Executive Director candidate
• 👤 Aneeq Ahmed: Non-Executive Director candidate
• 👤 Rabia Wafah Khan: Non-Executive Director candidate
• 👤 Atif Muhammad Ali: Non-Executive Director candidate
• 👤 Yacoob Suttar: Independent Director candidate
• 👤 Muhammad Ali: Independent Director candidate
• 👤 Ayla Majid: Independent Director candidate
• ✅ All candidates are deemed elected as the number doesn’t exceed board-fixed number
• 📜 Election is pursuant to Section 159(3) of the Companies Act, 2017
• 🌐 Candidate profiles are available on the company’s website
• 🏢 The notice is under Section 159(4) of the Companies Act, 2017
• 💼 Saqib Rafique, FCA, is the Company Secretary

🎯 Investment Thesis

HOLD. The announcement relates to governance matters rather than direct financial performance. The successful completion of the director election process, with qualified individuals, is a positive signal, but further financial information is needed to adjust the investment thesis. Given the lack of financial impact in this announcement, a hold recommendation is appropriate until further information becomes available.