K-Electric given March 2026 deadline to clear backlog of financial statements, hold AGMs

The Pakistan Stock Exchange (PSX) has advised K-Electric Limited (KE) to file its outstanding annual financial statements and convene Annual General Meetings (AGMs) for FY24 and FY25 no later than March 31, 2026.

“This is with reference to the earlier disclosure dated 20 October 2025 made by K-Electric Limited (KE). In this respect, we are pleased to inform that on 02 December 2025, PSX has advised KE to transmit its annual financial statements and hold the AGMs for the years ended June 30, 2024 and June 30, 2025, latest by March 31, 2026.

“The company is committed to comply with all regulatory requirements, and it shall take all such necessary actions that are within its control to ensure the said compliance,” read the notice.

In October, KE postponed its AGM, which was scheduled for November 11, 2025, citing uncertainty arising from ongoing tariff-related proceedings before the National Electric Power Regulatory Authority (NEPRA).

The power utility’s Board of Directors had approved the annual financial statements for the fiscal year ended June 30, 2024, in September.

However, the company’s auditors, as per the requirements of International Standards on Auditing, have since sought management’s representation on the potential financial impact of pending NEPRA proceedings before issuing their final audit report.

NEPRA conducted hearings on a series of reconsideration and review motions filed by the Ministry of Energy, K-Electric, and other parties regarding generation, transmission, distribution, and supply tariffs, as well as write-off claims.

“The decisions on these proceedings are awaited to date,” KE said at the time.

“In light of the extraordinary circumstances surrounding such proceedings and considering that this situation is beyond its control, it is not possible for the company to reliably estimate or determine the outcome of NEPRA proceedings or their consequential impact on the FY2024 financial statements.”

Consequently, the company added, it is “unable to issue the audited financial statements at this time”.