Faisalabad: Chenab Limited held its Extraordinary General Meeting (EGM) on January 28, 2025, at 12:00 noon at its registered office in Nishatabad, Faisalabad, where significant resolutions were passed, including the appointment of nine directors to the board.

The meeting was conducted in compliance with Regulation No.5.6.9(b) of the Rule Book of the Pakistan Stock Exchange, as mandated for circulation among the TRE Certificate Holders of the Exchange. During the meeting, shareholders confirmed and adopted the minutes from the last Annual General Meeting held on December 27, 2024.

A key agenda of the EGM was the election of nine directors for a term of three years, commencing from January 28, 2025, as per the provisions of Section 159(5) of the Companies Act, 2017. The Board of Directors had predetermined the number of directors, and with no other contenders, the following individuals were automatically appointed: Mian Muhammad Latif, Mian Muhammad Javaid Iqbal, Mr. Muhammad Naeem, Mr. Muhammad Faisal Latif, Mrs. Sobia Chughtai (Nominee Director), Mr. Muhammad Salman Javed, Mr. Muhammad Hashim, Mr. Tariq Ayub Khan, and Mr. Maqsood-ul-Hassan.

According to information available from the Pakistan Stock Exchange (PSX), the resolution to elect these directors was duly communicated to the Company Registration Office in Faisalabad, in accordance with Section 197 of the Companies Act, 2017. This move is seen as a strategic step in strengthening the company's governance framework as it continues to navigate the competitive landscape within the designated market category.