Karachi: Al-Abbas Sugar Mills Limited has announced the upcoming election of directors, which is set to take place at the Annual General Meeting (AGM) scheduled for January 28, 2025, at 11:30 a.m. at the Movenpick Hotel in Karachi. This announcement complies with Section 159(4) of the Companies Act, 2017, and is in line with Clause 5.6.9 (b) of the Rule Book of the Pakistan Stock Exchange Limited.

The company has released a notice, which will be published in the newspapers The Nation (English) and Duniya (Urdu) on January 21, 2025, informing shareholders of the individuals who have expressed their intent to stand for election as directors. The election will see participation from a diverse group of candidates, including independent directors and other category directors.

According to information available from the Pakistan Stock Exchange (PSX), the candidates for the director positions are as follows: Mr. Haroon Askari, Mr. Muhammad Salman Hussain Chawala, and Mr. Muhammad Siddiq Khokhar, all of whom are vying for the position of Independent Director. Additionally, Mrs. Asma Ayes Cochinwala is standing for election as a Female Director, while Mrs. Darakshan Zohaib, Mr. Muhammad Suleman Chawla, Mr. Shahid Hussain Jatoi, and Mr. Suleman Lalani are contesting for positions categorized as Other Directors.

This election is crucial for Al-Abbas Sugar Mills Limited, as the chosen directors will play significant roles in steering the company's future strategies and operations within the designated market category of the sugar industry. The announcement underscores the company's commitment to adhering to regulatory requirements and maintaining transparency with its stakeholders.