Karachi: Metropolitan Steel Corporation Limited has announced the unopposed election of its board of directors, as detailed in a notice released under section 159 (4) of the Companies Act, 2017. The election is set to be formalized at the forthcoming Extra Ordinary General Meeting (EOGM) scheduled for May 31, 2025, in Karachi.

The candidates who have filed their intention to contest include Mr. Mehmood Ali Mehkri, Mr. Muhammad Umar Mehkari, Mrs. Sara Mehmood Mehkri, Mrs. Saba Mehkari Farooqui, Mrs. Uzma Mehmood Ali Mehkri as a female director, Mr. Irshad Ali Pitafi as an independent director, and Mr. Abdul Rahim Suriya, also serving as an independent director.

The announcement follows the voluntary withdrawal of Mrs. Sofia Mehkari and Mr. Muhammad Qasim from the election process. Additionally, Mr. Sheikh Aftab Ahmad's nomination was rejected due to non-compliance with the eligibility requirements. According to the company's board, the number of candidates is equal to the number of director positions available, which automatically confirms their election for a term of three years.

This development is poised to bring continuity to the governance of Metropolitan Steel Corporation Limited. According to information available from the Pakistan Stock Exchange (PSX), this procedural election ensures that the corporation's leadership will continue to guide the company without disruption.

The election is part of the designated market category and aligns with the regulatory framework outlined in the Companies Act, 2017, ensuring compliance with corporate governance standards.