Karachi: Goodluck Industries Limited has scheduled the election of its board of directors, to be held at the upcoming Annual General Meeting (AGM) on October 16, 2024. The meeting will take place at the company's registered office in Karachi, with a total of nine directors slated for election.

In accordance with the Companies Act of 2017, Goodluck Industries Limited has released a notice of election under Section 159(4) for the directors' positions. This announcement was made following the regulatory requirements of the Pakistan Stock Exchange (PSX). The company specified that the elections are set to be conducted during the AGM. According to information available from the Pakistan Stock Exchange (PSX), the notice also includes a list of the candidates offering themselves for election or re-election.

Listed candidates include Mr. Ashfaq as an Executive Director and Mr. Fahad among others. Notably, Mrs. Naveen Shams is listed as a Female Director and Mr. Faizan Ahsan as an Independent Director. Furthermore, the announcement mentions that since the number of candidates matches the number of available positions, the election is expected to proceed unopposed under Section 159(1) of the Companies Act.

In alignment with corporate governance practices, the company has also considered the expertise and qualifications of each candidate, ensuring they align with the criteria outlined in Section 166 of the Companies Act. Profiles of all candidates have been made available on the company's official website for shareholder review.

This procedural approach reaffirms Goodluck Industries Limited's commitment to transparency and adherence to statutory regulations in its corporate governance practices.