Lahore: Colony Textile Mills Limited has announced an uncontested election of directors, as reported on October 16, 2026. The announcement follows the continuation of a notice regarding the Extraordinary General Meeting (EOGM) that was distributed to the Securities and Exchange Commission of Pakistan (SECP), Pakistan Stock Exchange (PSX), and the company's shareholders. This notification was also made public in various newspapers.

In compliance with Section 159(4) of the Companies Act, 2017, the shareholders were informed about the election of directors scheduled for October 28, 2026. The candidates who have submitted their intentions to stand for election include Mr. M. Ata Ullah Khan, Mr. Fareed Mughis Sheikh, Mr. Muhammad Tariq, Mr. Muhammad Shahzad Jamil, Syed Aftab Hussain Naqvi, Mr. Abdul Hakeem Khan Qasuria, and Ms. Bisma Niazi.

According to information available from the Pakistan Stock Exchange (PSX), since the number of candidates matches the number of director positions determined by the Board under Section 159(1) of the Companies Act, 2017, these seven individuals will automatically be deemed elected. Their term will commence at the EOGM slated for October 28, 2026, and will span three years.

This development marks a straightforward transition in the company's governance structure, ensuring continuity without the need for a contested election process. Colony Textile Mills Limited continues to operate within the designated market category, maintaining its compliance with regulatory requirements.