Karachi: Al-Abbas Sugar Mills Limited has issued a corrigendum to its previously published notice concerning the election of directors, pursuant to Section 159(4) of the Companies Act, 2017. The amended notice was disseminated through advertisements in the newspapers The Nation (English) and Roznama Dunya (Urdu) on January 22, 2025, following its initial release on January 21, 2025.

This corrigendum has been issued to ensure that all stakeholders are informed of the necessary amendments to the original notice. The company emphasizes that the notice should henceforth be regarded in conjunction with this corrigendum. Other than the additions provided by this corrigendum, all other elements of the original notice remain unchanged.

Members and stakeholders are advised to pay attention to a crucial addition in the notice. It specifies that independent directors have been selected based on their experience, competencies, diversity, skills, and knowledge, in full compliance with Section 166 of the Companies Act, 2017, along with the corresponding regulatory requirements. This move aligns with Al-Abbas Sugar Mills Limited's commitment to maintaining high governance standards and ensuring a diverse and skilled board of directors.

According to information available from the Pakistan Stock Exchange (PSX), the company is classified under the consumer goods category. This classification underscores the company’s role and impact within the market, given its significant contributions to the sugar industry in Pakistan.

Al-Abbas Sugar Mills Limited continues to prioritize transparency and adherence to statutory requirements, ensuring that all corporate actions are communicated effectively to its shareholders and the broader market. The company remains committed to fostering a governance environment that supports shareholder interests and corporate accountability.