Lahore: Shareholders of Ashfaq Textile Mills Limited have been informed of the upcoming election of directors at the Extraordinary General Meeting scheduled for June 30, 2025. In accordance with Section 159(4) of the Companies Act, 2017, eight individuals have filed their intention to offer themselves for election.

The candidates include Mr. Ashfaq Ahmad, Mr. Nadeem Ashfaq, Mr. Waseem Ashfaq, Mrs. Shazia Amjad, Mrs. Nazia Irfan, Mr. Abdul Wahid, Syed Abuzar Hussain, and Mr. Muhammad Aqeel Idrees. As the number of candidates does not exceed the number of positions available, these individuals will be deemed elected for a three-year term at the meeting.

The Pakistan Stock Exchange (PSX) has been informed of this development, which reflects the company's compliance with statutory requirements. According to information available from the Pakistan Stock Exchange (PSX), the election process adheres to the stipulations set forth in the Companies Act, 2017.

The announcement is part of the company's designated market category, ensuring transparency and adherence to governance protocols.