Karachi: Jubilee General Insurance Company Limited has issued a notice in compliance with Section 159(4) of the Companies Act, 2017, announcing the election of directors at its Extraordinary General Meeting (EOGM) scheduled for June 29, 2026. This announcement, dated June 19, 2026, details the candidacies and the procedural framework for the forthcoming election.

The notice, alongside a ballot paper, is set for pre-publication in the "Business Recorder" and "Nawa-i-Waqt" on June 22, 2026. According to information available from the Pakistan Stock Exchange (PSX), the election will take place at 9:00 a.m. at Jubilee Insurance House, I.I. Chandigarh Road, Karachi, with an option for participation via video conferencing.

A total of ten individuals have submitted notices of their intention to contest for director positions, while the board has fixed the number of directors at nine. The candidates include Mr. Akbarali Pesnani, Mr. Riyaz Ali Towfiq Chinoy, Ms. Ava Ardeshir Cowasjee, Mr. Naveed Qazi, Mr. Abid Akber Vazir, Mr. John Joseph Metcalf, Mr. Abrar Ahmed Mir, Ms. Sima Kamil, Ms. Zahra Anwar Furniturewalla, and Mr. Babar Hussain.

The election process will adhere strictly to the provisions outlined in Section 159 of the Companies Act, 2017, and associated regulations. Additionally, UHY Hassan Naeem & Co. Chartered Accountants has been appointed as the scrutinizer to ensure the integrity of the voting process. The firm is recognized for its expertise and is QCR rated, underscoring its capability to oversee the election procedure in compliance with legal standards.

The company's share registrar, M/s. THK Associates (Pvt) Limited, will provide e-voting instructions to members via their registered email addresses, facilitating a streamlined and compliant voting process.