Karachi: Indus Motor Company Limited has confirmed the election of ten directors at its upcoming Extraordinary General Meeting scheduled for October 30, 2026. The meeting will take place at 9:00 a.m. at Avari Towers, Fatima Jinnah Road, Karachi.

The election, conducted under Section 159(4) of the Companies Act, 2017, saw ten candidates filing their intention to stand as directors. The candidates include Mr. Mohamedali R. Habib, Mr. Shinji Yanagi, Mr. Ali Asghar Jamali, Mr. Muhammad H. Habib, Mr. Imran Ali Habib, Mr. Giri Venkatesh, Mr. Shigeki Furuya, Mr. Asif Qadir, Mr. Shabbir Diwan, and Ms. Farhana Mowjee Khan.

According to information available from the Pakistan Stock Exchange (PSX), the candidates will assume their roles without contest as the number of nominees matches the number of director positions set by the board under Section 159(1) of the Act. Consequently, these individuals shall be deemed elected at the forthcoming meeting.

The designated market category for Indus Motor Company Limited remains unaffected by this development, which ensures continuity and stability within the company's governance structure.