Lahore: Stylers International Limited has announced a change in its board of directors with the resignation of Mr. Jehanzeb Khan from his position as an independent director, effective April 11, 2025. This development was disclosed in a recent statement by the company.
In response to Mr. Khan's resignation, the board of directors has appointed Mr. Imran Farooq Mian as the new independent director. The appointment follows the guidelines set forth by the Companies Act, 2017, and the Listed Companies (Code of Corporate Governance) Regulations, 2019.
According to information available from the Pakistan Stock Exchange (PSX), the necessary requirements for appointing an independent director have been fulfilled. This includes confirming Mr. Mian's independence and ensuring he meets the eligibility criteria for the role.
The company has requested stakeholders to update their records to reflect this change in the board of directors. This update is particularly relevant for those tracking market movements and corporate governance developments within the designated market category.