Karachi: Blue-EX Limited has announced the resignation of Mr. M. Sualeh Ahmed Faruqui from its Board of Directors, creating a vacancy that is to be filled following the mandates of the Companies Act, 2017. According to information available from the Pakistan Stock Exchange (PSX), the resignation comes amidst a period of strategic evaluations within the company, though no further details were provided regarding the reasons for Mr. Faruqui’s departure.

The company, which operates within the designated market category, is expected to address this sudden change with a new appointment to maintain its governance structure. The exact timeline for filling the vacancy remains unspecified, but the process will adhere to Section 155 (3) of the Companies Act, 2017 to ensure compliance and continuity in leadership.

The report of Mr. Faruqui’s resignation, dated October 9, 2026, highlights the procedural approach the company plans to take in addressing the board's composition, a move closely watched by stakeholders and market analysts.