The Analytical Regularization Method is applied to the problem of E-polarized wave diffraction by arbitrary shaped cylindrical obstacle which is perfectly conductive and homogeneous in longitudional direction. The initial electromagnetic boundary value problem is reduced to the infinite algebraic system of the second kind by means of constructed analytical regularization procedure. As it is well-known, an equation of such a kind, in principal, can be solved with any predetermined accuracy by means of truncation procedure. Numerical implementation of corresponding analytical regularization procedure is suggested. Numerical results thus obtained show high quality of the algorithm, including relatively small values and uniform boundness of condition number of truncated algebraic systems when their size tends to infinity. By the qualitative property of infinite algebraic system of the second kind, it guarantees the stability of numerical process of truncated solving as well as the convergence of solution of truncated system to the solution of infinite system. Relevant numerical results, including condition number behaviour, current density, field space distribution and far field pattern for a few different resonant and non-resonant obstacles are presented.