Karachi: Metropolitan Steel Corporation Limited has announced an Extra Ordinary General Meeting (EOGM) scheduled to take place at its registered office located at the factory premises in Karachi on May 31, 2025. The meeting is set to address key corporate matters, primarily focusing on the election of directors to the company’s board.

The agenda for the EOGM will include the confirmation of the minutes from the 69th Annual General Meeting, which was held on October 25, 2024. The primary focus, however, will be the election of seven directors as determined by the board in accordance with section 159 of the Companies Act, 2017. These directors will serve a term of three years starting from the date of the meeting.

The board has announced that the following retiring directors are eligible for re-election: Mr. Mahmood Ali Mehkri, Mr. Muhammad Umar Mehkari, Mrs. Uzma Mehmood Ali Mehkri, Mrs. Sofia Mehkari, Mrs. Sara Mehmood Mehkri, Mrs. Saba Mehkari Farooqui, and Mr. Irshad Ali Pitafi. This election process is part of the ordinary business to be conducted during the session.

Furthermore, the meeting will also cater to any other business that may arise, provided it receives the permission of the Chair to be addressed during the session.

According to information available from the Pakistan Stock Exchange (PSX), Metropolitan Steel Corporation Limited operates within the designated market category for industrial manufacturing firms. The upcoming meeting is crucial for the company's governance as it sets the stage for strategic leadership over the next three years.