Karachi: Matco Foods Limited has officially announced an upcoming election for its board of directors, scheduled for October 24, 2024. The notice, aligning with Section 159(4) of the Companies Act, 2017, was distributed among members of the Pakistan Stock Exchange for transparency and regulatory compliance.

This election follows the notification first mentioned in the Annual General Meeting notice dated October 3, 2024. According to information available from the Pakistan Stock Exchange (PSX), the election will feature a slate of nine candidates and will take place at the Institute of Cost and Management Accountants of Pakistan in Karachi. The event will also be accessible via video conference, ensuring broader participation amid ongoing digital transformation trends in corporate governance.

The candidates include a mix of existing and new nominees: Jawed Ali Ghori, Khalid Sarfaraz Ghori, Faizan Ali Ghori, Mr. Atif Ghori, Syed Kamran Rashid, Abdul Samad Khan, Faryal Murtaza, Umme Habibah, and Mohammad Mohsin Suleman. Notably, the inclusion of independent and female directors like Faryal Murtaza and Umme Habibah highlights the company’s commitment to diverse leadership and compliance with regulatory requirements for board composition.

Profiles of these candidates have been made available on Matco Foods’ website, providing shareholders with the opportunity to review their qualifications and experience ahead of the voting process. If no other nominations are received by October 24, these candidates will automatically serve as directors for the next term, stabilizing leadership continuity at Matco Foods.