Karachi: Faran Sugar Mills Limited has announced the appointment of Mr. Muhammad Omar Bawany as the new Chairman of the Board and Mr. Ahmed Ali Bawany as the Chief Executive Officer of the company. The decision was made unanimously by the Board of Directors and is effective from March 24, 2025.

The appointments were disclosed in a formal communication addressed to the TRE Certificate Holders of the Exchange. The new leadership will serve a term of three years, marking a significant transition for Faran Sugar Mills Limited, which operates within the designated market category of the sugar industry.

According to information available from the Pakistan Stock Exchange (PSX), this leadership change comes at a time when the company is focusing on strategic growth and operational efficiencies. The stock exchange was duly informed about these appointments, highlighting the company's commitment to transparent corporate governance.

The Board of Directors expressed confidence in the new leadership team, emphasizing their experience and vision to guide the company forward. The announcement was made on March 27, 2025, marking a new chapter in the company’s history as it aims to strengthen its position in the market under the new leadership.