Karachi: Sitara Chemical Industries Limited has announced the resignation of Mr. Haroon Ahmed Zuberi from his position as Director of the company, effective May 6, 2025. This development was disclosed in a communication to the exchange, indicating a change in the board's composition.

Sitara Chemical Industries Limited, which is a participant in the designated market category of chemicals, is expected to undertake the necessary procedures to fill the vacancy left by Mr. Zuberi's departure. The company has not yet announced a replacement for the outgoing director.

According to information available from the Pakistan Stock Exchange (PSX), Sitara Chemical Industries Limited will inform its shareholders and stakeholders about the subsequent steps following the resignation. The impact of this change on the company's strategic decisions and operations remains to be observed.

The resignation of Mr. Zuberi marks a significant shift in the company's governance and may influence its future direction. The company is expected to maintain transparency in its communication with investors and regulatory bodies in light of this development.