Rawalpindi: Fauji Cement Company Limited has announced the election of its board of directors in accordance with Section 159(4) of the Companies Act, 2017. The election will take place at an Extraordinary General Meeting scheduled for December 10, 2024, in Rawalpindi, with provisions for participation through electronic means.

The candidates who have submitted their intentions to stand for election include Lt Gen Anwar Ali Hyder, HI (M), Retd; Lt Gen Qazi Muhammad Ikram Ahmed, HI (M), Retd; Maj Gen Tariq Qaddus, HI (M), Retd; Syed Bakhtiyar Kazmi; Mazhar Abbas Hasnani; Syed Muhammad Irian Aqueel, an independent director; Ms Maleeha Humayun Bangash, an independent director; and Ms Saira Nasir, a female independent director.

Given that the number of candidates matches the board's fixed number of eight directors according to Section 159(1) of the Companies Act, 2017, these individuals will automatically be deemed elected at the meeting. According to information available from the Pakistan Stock Exchange (PSX), this procedural election aligns with corporate governance requirements aimed at maintaining transparency and accountability within the company.