Artistic Denim Mills Limited Announces Uncontested Director Elections

Karachi: Artistic Denim Mills Limited has announced the uncontested election of seven individuals to its Board of Directors, as detailed in a report dated October 19, 2026. The election proceedings are scheduled for the company's 34th Annual General Meeting, to be held on October 28, 2026, at Dewan University in Karachi.

The individuals who have filed their consent for election include Mr. Muhammad Faisal Ahmed, Mr. Muhammad Iqbal Ahmed, Ms. Zahra Faisal Ahmed, Mr. Yazdani Zia, Mr. Muneer Ahmed, Mr. Muhammad Ozair Qureshi, and Mr. Jamal Yousuf. According to the company's announcement, these nominees meet the criteria set forth by Section 166 of the Companies Act, 2017, including experience, competencies, diversity, skills, and knowledge.

According to information available from the Pakistan Stock Exchange (PSX), the number of candidates does not exceed the number of director positions set by the company's Board under Section 159(1) of the Companies Act, 2017. Consequently, all seven individuals will be deemed elected to serve a three-year term, commencing November 23, 2026.

Further details and profiles of the new directors are accessible on the company's website, www.admdenim.com. The appointment process aligns with regulatory requirements, ensuring compliance with governance standards.