Lahore: The shareholders of Tasdeeq Information Services Limited have been informed that the candidates standing for election as Directors have been deemed elected unopposed at the upcoming Extra Ordinary General Meeting (EOGM). This decision follows the stipulations of Section 159(4) of the Companies Act, 2017, as announced in a formal notice by the company. The EOGM is scheduled for November 16, 2026, at 11:00 a.m., to be held at the Royal Palm Golf and Country Club, Lahore, and will also be accessible via a video-link facility.

The candidates who will assume their positions as Directors for the next three-year term, starting November 17, 2026, are Mr. Mumtaz Hussain, Mr. Khurram Zafar, Mr. Adnan Dilawar, Ms. Saniya Ali, Mr. Abid Sattar, Mr. Monis Ur Rahmaan, and Mr. Sheikh Muhammad Iqbal. The selection process complied with Section 159(1) of the Companies Act, 2017, as the number of candidates did not exceed the number of available director positions.

According to information available from the Pakistan Stock Exchange (PSX), the process for selecting independent directors adhered strictly to the regulatory framework. The company utilized the independent directors data bank maintained by the Pakistan Institute of Corporate Governance. The data bank includes names, addresses, and qualifications of eligible individuals, ensuring a thorough vetting process for prospective independent directors.

The company has justified the selection of Mr. Abid Sattar, Mr. Monis Ur Rahmaan, and Mr. Sheikh Muhammad Iqbal as independent directors based on their reputable standing and considerable experience. This adherence to the Companies (Manner and Selection of Independent Directors) Regulations, 2018, reinforces their commitment to corporate governance standards.