Karachi: Gulshan Spinning Mills Limited has announced the unopposed election of its board of directors, effective for a three-year term, following the forthcoming Extra Ordinary General Meeting (EOGM) scheduled for July 18, 2025. This development is in accordance with section 159(4) of the Companies Act, 2017.

The individuals who have submitted their notices of intention to offer themselves for election include Mr. Sohail Maqsood, Mr. Muhammad Arshaf Khan, Mr. Muhammad Akhtar Mirza, Mr. Abid Sattar, Mr. Muhammad Arif, Mr. Muhammad Junaid, and Mrs. Zarqa Asif. These candidates have been deemed elected unopposed, as the number of candidates matches the number set by the directors in compliance with section 159(1) of the Companies Act, 2017.

According to information available from the Pakistan Stock Exchange (PSX), this election is part of Gulshan Spinning Mills Limited's regular corporate governance process, ensuring the continuity of leadership in the textile sector. This aligns with the designated market category of the textile industry, reflecting the company's core business operations.

The EOGM will take place at the company's registered office in Karachi, where these directors will formally assume their roles, contributing to the strategic direction and oversight of Gulshan Spinning Mills Limited for the next three years.