Lahore: Sapphire Fibres Limited has announced the appointment of M/s. Shinewing Hameed Chaudhri & Co., Chartered Accountants, as the scrutinizer for its upcoming Extraordinary General Meeting scheduled for July 20, 2026. The announcement was made on July 13, 2026, in compliance with regulations 4(4) and 11 of the Companies (Postal Ballot) Regulations 2018.

ShineWing Hameed Chaudhri & Co., Chartered Accountants, is a well-established firm in Pakistan, recognized for its comprehensive services in audit and assurance, accounting, tax, risk management, and corporate advisory. Founded in 1957 by late Mr. Abdul Hameed Chaudhri, the firm is a member of ShineWing International, providing services to numerous significant clients, including listed entities, throughout Pakistan.

The appointment of the scrutinizer is necessitated by the requirement to ensure the integrity of the voting process during the general meeting, where the election of directors will occur. This process is particularly vital in scenarios where the number of candidates exceeds the number of director positions available, as stipulated in section 159 of the Companies Act, 2017. The scrutinizer's role will be to oversee and report on the adequacy of the voting procedures and the implementation of satisfactory precautionary measures, as required under regulation 11A.

According to information available from the Pakistan Stock Exchange (PSX), the appointment of an experienced and reputable firm like ShineWing Hameed Chaudhri & Co. is a significant step in ensuring transparency and fairness in the electoral process of Sapphire Fibres Limited's board of directors.