Karachi: In an extraordinary general meeting held on June 30, 2025, Al-Noor Modaraba Management (Private) Limited successfully elected seven new directors to its board. The meeting, conducted in accordance with Rule 5.6.9(b) of the Pakistan Stock Exchange (PSX) Rule Book, confirmed the resolutions passed by the shareholders.

The newly elected directors are set to serve a term of three years, commencing from the date of the meeting. The election, which saw unanimous approval from the shareholders, included the selection of Mr. Noor Muhammad Zakaria, Mr. Zia Zakaria, Mr. Zainuddin, and Mr. Asad Ahmed Mohiuddin as other directors. Moreover, the board welcomed Mr. Tausif Ilyas, Barrister Naheed Shiraz Merchant, and Mr. Kausar Ali Fecto as independent directors, with Barrister Merchant notably serving as an independent female director.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions also included the confirmation and approval of the minutes from the company's annual general meeting held on March 15, 2025. This procedural step ensured compliance with the appropriate regulatory framework and underscored the company's commitment to transparency and governance.

The election of directors is a key aspect of corporate governance, providing strategic vision and oversight for Al-Noor Modaraba Management. The firm's alignment with the PSX standards signifies its adherence to market regulations, playing a vital role in its market category on the exchange.

Overall, the outcomes of the extraordinary general meeting reinforce the management's dedication to upholding the interests of shareholders and stakeholders alike.