Karachi: JS Bank Limited has announced the re-appointment of Mr. Adil Matcheswala as the Chairman of its Board of Directors, effective immediately. This decision follows the election of directors conducted on March 28, 2025, and is in accordance with section 192(1) of the Companies Act, 2017, granting Mr. Matcheswala a three-year term in this role.

Mr. Matcheswala's leadership is expected to continue guiding JS Bank Limited, which operates within the designated market category of the financial sector. His re-appointment comes as part of the bank's strategic plan following the recent board elections. The bank has communicated this development to the TRE Certificate Holders of the Exchange.

According to information available from the Pakistan Stock Exchange (PSX), JS Bank Limited is making this announcement to ensure transparency and compliance with regulatory requirements. The re-appointment is seen as a step to maintain continuity in leadership as the bank navigates its future objectives.

The decision to re-appoint Mr. Matcheswala reflects the confidence of the board in his ability to steer the bank towards achieving its strategic goals over the coming years.