Karachi: Crescent Star Insurance Limited has announced the appointment of Ms. Komal Lodhi as a director, filling a casual vacancy on the board, effective June 10, 2025. This recent change marks a notable development in the company's governance structure, achieving gender parity among its directors.

The board, which now consists of an equal number of male and female directors, underscores Crescent Star Insurance Limited's commitment to promoting good governance and gender diversity. The board's composition includes four male directors: Mr. Naim Anwar, Mr. Suhail Elahi, Mr. Shaikh Waqar Ahmed, and Mr. Rashid Malik, alongside four female directors: Ms. Naveeda Mahmud, Ms. Huma Javaid, Ms. Rabia Omar Hassan, and the newly appointed Ms. Komal Lodhi.

According to information available from the Pakistan Stock Exchange (PSX), this move aligns with the company's strategic goals and reflects a broader trend towards enhancing corporate governance standards in the market. The appointment of Ms. Lodhi is expected to contribute positively to the board's dynamics, bringing diverse perspectives and experiences.

The announcement is a significant step for the company, reflecting its commitment to fostering an inclusive and balanced corporate environment. The equal representation of male and female directors is seen as a progressive move in the designated market category, aligning with global best practices. Crescent Star Insurance Limited has communicated this development to the TRE Certificate Holders as part of its transparency and regulatory compliance obligations.