Karachi: Ghandhara Automobiles Limited has issued a corrigendum regarding the election of directors, clarifying details about the category of a candidate. The notice, published on January 29, 2025, in the newspapers "Dawn" and "Khabrain," addresses an error in the previous announcement dated January 28, 2025.

The company clarified that Mr. Polad Merwan Polad, initially categorized under the "Independent Director" category, should be listed as an "Other Director" for the upcoming election of directors. This correction ensures accuracy in the election process under Section 159(4) of the Companies Act, 2017.

The publication of this corrigendum is a crucial step for Ghandhara Automobiles Limited to maintain transparency and compliance with regulatory requirements. The company has urged the Trading Right Entitlement (TRE) Certificate Holders of the Exchange to take note of this clarification.

According to information available from the Pakistan Stock Exchange (PSX), the correction in the director's category is vital to ensuring that stakeholders are accurately informed, thereby promoting fair and transparent elections within the organization.

This notice underscores the importance of accurate communication in corporate governance, as it directly impacts the decision-making processes of the shareholders and other stakeholders involved in Ghandhara Automobiles Limited. By addressing the error promptly, the company demonstrates its commitment to upholding the standards set forth by the Companies Act, 2017.