Lahore: Members of Berger Paints Pakistan Limited are poised to elect a new Board of Directors during the company's Annual General Meeting (AGM) scheduled for October 23, 2026. According to the announcement, the election will determine the seven directors who will serve a three-year term.
The company has received notices of intention to contest from eight candidates, creating a competitive election environment. The candidates vying for the board positions include Mr. Maqbool H. H. Rahimtoola, Dr. Mahmood Ahmad, Mr. Tariq Ikram, Mr. Shahzad M. Husain, Ms. Roohi R. Khan, Mr. Zahid Majid, Mr. Illyas Sharif, and Mr. Muhammad Zahid Mahmood. The election process will adhere strictly to Section 159 of the Companies Act, 2017, and the Companies (Postal Ballot) Regulations, 2018.
Voting will be conducted through multiple channels, providing flexibility to the company's shareholders. Members may vote in person or by proxy at the AGM, with cumulative voting rights allowing them to cast votes equivalent to their shareholding multiplied by seven, the number of directors to be elected. Additionally, an E-Voting facility managed by M/s. Corplink (Pvt.) Limited will be available, commencing on October 20, 2026, and closing by 5:00 PM on October 22, 2026. The company has also made provisions for voting via postal ballot, with submissions required to reach the company's registered office by the same deadline.
As part of the transparency measures, Mis. Abdul Rahman & Co., Chartered Accountants, has been appointed as the independent Scrutinizer to oversee the counting and validation of votes. This step ensures adherence to the Companies (Postal Ballot) Regulations, 2018.
For shareholders seeking further information, detailed profiles and declarations of the candidates, as required under the Listed Companies (Code of Corporate Governance) Regulations, 2019, are accessible on Berger Paints Pakistan Limited's website.
According to information available from the Pakistan Stock Exchange (PSX), the election of directors is a pivotal event for companies, impacting governance and strategic direction. Berger Paints Pakistan Limited operates within the designated market category of chemicals and coatings, making these elections crucial for its future trajectory.
The results of the election will be crucial in shaping the company's strategic direction over the coming years, as the elected directors will play a significant role in steering company policies and decisions.