Faisalabad: The Board of Directors of Masood Textile Mills Limited convened on February 20, 2025, at 11:00 a.m. to deliberate on critical administrative matters. During this meeting, the board confirmed that the terms of office for the current directors are due to conclude in the last week of March 2025. In accordance with Section 159 (1) of the Companies Act, 2017, the board has set forth plans for an election to appoint seven directors. These directors will serve a new term of three years.

The company has scheduled an Extra Ordinary General Meeting (EOGM) to facilitate this election process. The meeting will take place on Thursday, March 27, 2025, at 11:00 a.m. The venue for the gathering is Universal House, located at 17/1, New Civil Lines, Bilal Road, Faisalabad.

According to information available from the Pakistan Stock Exchange (PSX), the designated market category for Masood Textile Mills Limited will remain unchanged following the election. This announcement serves as a formal notice to investors and stakeholders, providing them with the necessary updates and ensuring transparency in the company's governance practices.