Lahore: The Crescent Textile Mills Limited has announced a change in its directorship. The company reported that Mr. Imran Maqbool has resigned from his position as director. The Board of Directors has appointed Mr. Khurram Mazhar Karim as the new director effective July 23, 2024, to serve for the remainder of Mr. Maqbool's term.

This transition comes as part of the internal corporate governance procedures at Crescent Textile Mills. The former director, Mr. Maqbool, stepped down from his role, prompting the board to select a successor to complete the ongoing term. Mr. Khurram Mazhar Karim, the incoming director, will assume his responsibilities immediately, ensuring a seamless transition in leadership.

According to information available from the Pakistan Stock Exchange (PSX), the appointment has been formalized, and stakeholders, including Certificate Holders of the Exchange, have been duly informed as required by corporate governance standards.

The change in directorship is an important event for Crescent Textile Mills, indicating a continuation of leadership and a commitment to corporate governance. The company continues to comply with all necessary regulations and maintain transparency with its stakeholders through timely updates.