The Securities and Exchange Commission of Pakistan (SECP) has mandated K-Electric to conduct board elections by March 25, 2026, marking a significant move to restore corporate governance after a prolonged period of legal and regulatory uncertainty. According to Business Recorder, K-Electric has been operating under a 'frozen board structure since July 2022,' following litigation that led to a court-ordered stay on board changes. This legal impasse was resolved in January 2026 when the plaintiff withdrew the suit, allowing the civil court to dismiss the case. K-Electric has confirmed to the Pakistan Stock Exchange that there are no longer any judicial barriers to holding the elections. This development ends more than three years of stalled governance processes, which the company had cited as the reason for not conducting elections due in mid-2025.