Lahore: Noon Sugar Mills Limited has announced that it will hold an Extraordinary General Meeting (EGM) for its shareholders on March 30, 2026, as per the company's notice dated February 26, 2026. The meeting is scheduled to commence at 11:30 a.m. at the company's premises located at 66-67-A, Garden Block, New Garden Town, Lahore.
The main agenda of the meeting, categorized under ordinary business, includes the confirmation of minutes from the Annual General Meeting held on January 27, 2026, and the election of seven directors in compliance with Section 159 of the Companies Act, 2017. The current board has set the number of elected directors at seven for this election, with each director serving a tenure of three years from the election date.
The list of retiring directors eligible for re-election includes Mr. K. Iqbal Talib, Mr. Saif Ullah Khan Noon, Mr. Abdul Khaliq Khan, Mr. Irian Ahmed, Syed Ali Raza, Mr. Atta Ali Malik, and Ms. Maryam Mamdot. Any member intending to contest in the election must submit their candidacy along with the necessary documentation to the company's registered office at least fourteen days prior to the meeting.
Independent directors will be elected following the conditions set forth in Sections 159 and 166 of the Companies Act, 2017. Candidates for independent directorship must adhere to the criteria outlined in the Companies (Manner and Selection of Independent Directors) Regulations, 2018.
According to information available from the Pakistan Stock Exchange (PSX), the Share Transfer Books of Noon Sugar Mills Limited will be closed from March 24, 2026, to March 30, 2026, for the purpose of the EGM. Share transfer deeds must be lodged with the company’s Share Registrar, Corplink (Pvt.) Limited, by March 20, 2026, to determine voting rights for the meeting.
Shareholders intending to vote by proxy must submit the duly stamped and signed proxy forms no later than 48 hours before the scheduled meeting. Attendees, whether in person or by proxy, are required to present valid identification as specified by the Securities and Exchange Commission of Pakistan guidelines.
Noon Sugar Mills Limited operates within the designated market category of the Pakistan Stock Exchange. The company encourages active participation from its shareholders in this upcoming EGM to ensure a transparent and democratic process for electing its board of directors.