Karachi: Al-Abbas Sugar Mills Limited announced that its Board of Directors approved the annual revenue and capital budget for the fiscal year ending September 30, 2025, during a meeting held on November 25, 2024. The board also decided to fix the number of directors at eight, in accordance with section 159 of the Companies Act, 2017, to be elected in the forthcoming Annual General Meeting.

According to information available from the Pakistan Stock Exchange (PSX), the board meeting took place in Karachi. The decisions made are aimed at structuring the company's governance and financial planning for the upcoming fiscal year.

The approval of the budget and the setting of director numbers are routine but critical steps in ensuring the company's compliance with regulatory requirements and strategic financial management. The move to elect eight directors is aligned with the legal framework governing corporate operations in Pakistan.