Karachi: Mr. Muhammad Amman Adil has resigned from his position as Director of Arctic Textile Mills Limited, effective November 12, 2024. The announcement was made public as the company prepares to fill the casual vacancy created by his departure within the stipulated time frame set by its Board of Directors.

The resignation of Mr. Adil marks a significant change in the leadership structure of Arctic Textile Mills Limited. The company has assured stakeholders that the process to appoint a new director is underway and will be completed promptly, adhering to the governance requirements.

According to information available from the Pakistan Stock Exchange (PSX), Arctic Textile Mills Limited is expected to notify the TRE Certificate Holders about the recent change in directorship. This development comes as the company continues its operations in the textile industry.

The Board of Directors of Arctic Textile Mills Limited has not yet disclosed who will succeed Mr. Adil. The company is ensuring a seamless transition to maintain its strategic and operational objectives.