Karachi: Dadex Eternit Limited has announced the forthcoming unopposed election of directors at its Annual General Meeting, scheduled for October 27, 2026. This notification follows the stipulations of Section 159(4) of the Companies Act, 2017, which requires members to be informed of candidates offering themselves for election as directors.

According to the official notice, seven individuals have submitted their intent and requisite documentation to stand for election. The candidates include Mr. Sikander Dada, Mr. Shahzad Mumtaz Husain, Mr. Hussain Dada, Mr. Khawaja Samiullah Askari, Mrs. Amber Ahmed Motiwala, Mr. Moin Mohammed Fudda, and Ms. Sadia Rauf. Detailed profiles of these candidates are available on the company's website.

The selection of independent directors such as Mr. Moin Mohammed Fudda and Ms. Sadia Rauf was based on their experience, competencies, diversity, skills, and knowledge, aligning with the requirements of Section 166 of the Companies Act, 2017, and the Companies (Manner and Selection of Independent Directors) Regulations, 2018.

According to information available from the Pakistan Stock Exchange (PSX), the election process is set to be straightforward, as the number of candidates does not exceed the number of director positions, which stands at seven. Consequently, all candidates will be deemed elected unopposed, with their three-year tenure commencing from the election date.

This development ensures that Dadex Eternit Limited continues its operations with a complete board, equipped to guide the company forward in its designated market category.