Karachi: Hafiz Limited has officially announced the upcoming election of directors scheduled during its 73rd Annual General Meeting (AGM) on October 24, 2024. The company has notified its intention to elect directors for a three-year term, in accordance with Section 159(4) of the Companies Act, 2017, which will be held at their Registered Office in Karachi.

This election is set against the backdrop of the company's ongoing commitments to governance and transparency. Seven candidates, including Fahruddin Usmani, Qamruddin Osmani, Mohammad Farooq Usmani, Muhammad Wali Muhammad, Muhammad Shazad Fakir, Kamran Ahmed, and Huma Javaid, have been nominated for the positions. This slate represents a blend of executive, non-executive, and independent directors, with Huma Javaid also marked as a female and independent nominee, indicating the company's strides toward diversified leadership.

According to information available from the Pakistan Stock Exchange (PSX), the nominations have been made public through notices published in both English and Urdu newspapers, ensuring widespread awareness among shareholders and the market at large.

The AGM is not only a platform for electing directors but also for shareholders to engage directly with the management on the company's strategic direction and performance. With the implementation of electronic voting options as detailed in their communications, Hafiz Limited is enhancing accessibility for shareholders to participate actively in the governance process.