Lahore: The shareholders of First National Equities Limited (the Company) are set to elect seven directors at the upcoming Extraordinary General Meeting (EOGM) scheduled for July 01, 2025, in Lahore. The election is pursuant to Section 159(4) of the Companies Act, 2017.

The candidates who have filed their intention to contest the election and will be deemed elected unopposed include Mr. Amir Shehzad, Mr. Muhammad Bilal, Mr. Adnan Amjad Khan, Mr. Waseem Ahmed Khan, Mr. Muhammad Umair Khan, Ms. Mavra Liaqat, and Ms. Ayesha Afzal. The directors will serve a term of three years, beginning on the same day as the EOGM, July 01, 2025.

According to information available from the Pakistan Stock Exchange (PSX), the designated market category for First National Equities Limited is the equity market. The election is structured such that, given the number of candidates matches the number of available seats, the candidates are automatically elected in accordance with the law.

The Board of Directors has fixed the number of seats at seven, and since there are no additional candidates beyond those who have already submitted their consents, the election process will not require a competitive vote. This procedure aligns with the applicable provisions of the Companies Act, 2017, ensuring compliance and continuity in the governance of the Company.