Gulistan Textile Mills Limited Schedules Election of New Directors at Upcoming Meeting

Karachi: Gulistan Textile Mills Limited has announced the convening of an Extraordinary General Meeting (EOGM) slated for October 31, 2026. The meeting is scheduled to take place at 11:30 a.m. on the 2nd Floor of Finlay House, I.I. Chundrigar Road, with the primary agenda being the election of seven directors, as determined by the Board of Directors on October 9, 2026.

Among the tasks set for the meeting is the confirmation of the minutes from the previous general meeting. The election of directors will follow, in accordance with section 159(1) of the Companies Act, 2017. The current board members, Mr. Naseer Ahmad, Mrs. Samina Khawar, Mr. Waqar Ahmad, Mrs. Nazia Waqar, Mr. Javed Hussain Shah, Mr. Mian Khalid Naseem, and Mr. Mian Basharat Mahmood Khalid, are all up for re-election. According to information available from the Pakistan Stock Exchange (PSX), all seven directors are eligible to serve another three-year term.

The meeting will also allow for the transaction of other business, subject to the Chairman's approval. As mandated, a statement of material facts related to the director elections is appended to the notice of the EOGM, in compliance with Section 166(3) of the Companies Act 2017. This meeting is aligned with the designated market category focusing on textile industry operations.