FAISALABAD: In a significant development, Rafhan Maize Products Company Limited has announced a major reshuffle within its Board of Directors. The board meeting, held on July 7, 2026, in Faisalabad, resulted in the resignation of seven directors. The company disclosed in an announcement dated July 8, 2026, that the resignations were accepted with immediate effect.

The departing directors include Ms. Tania Jaeger de Foras, Mr. Wisal A. Mannoo, Mr. Tahir Jawaid, Mr. Kamran Yousuf Mirza, Mr. Humayun Bashir, Mr. Adil Saeed Khan, and Mian M. Adil Mannoo. To address the vacancies created by these resignations, the board approved the appointment of new directors, effective July 8, 2026. The new appointees are Mian Umer Mansha, Mian Hassan Mansha, Mr. Mikail Raza Mansha, Mr. Shazad Dada, Ms. Maleeha Lodhi, Mr. Inayat Ullah Niazi, and Mr. Saad Raja.

As part of this comprehensive restructuring, Mian Hassan Mansha has been appointed as the Chairman of the Board, effective July 8, 2026. According to information available from the Pakistan Stock Exchange (PSX), these changes are set to have substantial implications for the company's governance and strategic direction.

Rafhan Maize Products Company Limited operates within the designated market category of the food and agriculture sector. The company has not disclosed specific reasons for the board changes, but industry analysts suggest that this could be a strategic move to align the board with the company's long-term objectives.