Karachi: AKD Hospitality Ltd. has announced the resignation of Muhammad Siddiq Khokinar from his role as an Independent Director on the company's Board of Directors. This development was made public through a report dated September 2, 2026.

The resignation of Mr. Khokinar marks a significant change in the composition of the board. The company has assured stakeholders that the casual vacancy resulting from his departure will be addressed in compliance with section 155 of the Companies Act, 2017. According to information available from the Pakistan Stock Exchange (PSX), AKD Hospitality Ltd. is categorized under the designated market category of the hospitality sector.

The company has not yet disclosed the timeline or potential candidates for the replacement of Mr. Khokinar. Stakeholders and market watchers will be keenly observing how this change might impact the company's governance and strategic direction moving forward.