Karachi: Imperial Limited has announced key appointments following its board meeting, held both physically and via video link, on December 31, 2025. The meeting, conducted at the company’s registered office, resulted in the re-appointment of Mr. Naveed Mughis Sheikh as Chief Executive and Mr. Waqar Ibn e Zahoor Bandey as Chairman of the Board. These roles will be held for a term of three years, in compliance with sections 187 and 192 of the Companies Act, 2017.

The board meeting, which was not focused on financial results, followed the election of directors earlier that day. As a result, the composition of the board has been updated with immediate effect. The board now includes Mr. Waqar Ibn e Zahoor Bandey as Chairman, Mr. Naveed Mughis Sheikh as CEO and Director, Mr. Ibrahim Naveed Sheikh as Executive Director, and Mr. Muhammad Tariq and Mrs. Fakhra Chaudhary as Non-Executive Directors. Additionally, Mr. Asad Ali and Mr. Shahzad Ullah Khan have been appointed as Independent Directors.

According to information available from the Pakistan Stock Exchange (PSX), these developments have been communicated to relevant stakeholders to ensure transparency and compliance with regulatory requirements. The market category for Imperial Limited remains unchanged as the company continues to adhere to the governance standards set forth by the regulatory authorities.