Karachi: Shahmurad Sugar Mills Limited has announced that a meeting of its Board of Directors will be conducted at the company's registered office on Tuesday, April 8, 2025, at 11:00 a.m. The primary agenda for this meeting includes the election of the Chairman of the Board and the appointment of a new Chief Executive Officer (CEO).

The company has instituted a closed period from March 27, 2025, to April 8, 2025. This measure aligns with clause 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations. During this period, no Director, CEO, or Executives of Shahmurad Sugar Mills Limited are permitted to engage in any transactions involving the company’s shares, whether directly or indirectly.

According to information available from the Pakistan Stock Exchange (PSX), stakeholders and TRE Certificate Holders of the Exchange have been advised of this closed period, ensuring compliance with regulatory requirements.

Shahmurad Sugar Mills Limited operates in the sugar industry, a designated market category within the PSX. The forthcoming decisions regarding the leadership roles are anticipated to impact the company's strategic direction moving forward.