Faisalabad: Ashfaq Textile Mills Limited has announced it will hold an Extraordinary General Meeting on June 30, 2025, at its registered office in Faisalabad. The meeting aims to address several key agenda items pertinent to the company's governance and future direction.

The primary agenda for the meeting includes confirming the minutes of the last Annual General Meeting. This procedural step ensures the formal approval of previous discussions and decisions, setting the stage for upcoming deliberations.

A significant item on the agenda is the election of eight directors, as designated by the Board of Directors in accordance with section 159(1) of the Companies Act, 2017. The directors will serve a term of three years. The list of retiring directors eligible for re-election includes Mr. Ashfaq Ahmad, Mrs. Shazia Amjad, Mr. Abdul Wahid, Mr. Nadeem Ashfaq, Mrs. Nazia Irfan, Mr. Waseem Ashfaq, Syed A Bazar Hussain, and Mr. Muhammad Aqeel Idrees.

In addition to the election of directors, the meeting will provide an opportunity to transact any other business with the permission of the chair. This open-ended agenda item allows shareholders to raise any additional matters they deem pertinent.

According to information available from the Pakistan Stock Exchange (PSX), Ashfaq Textile Mills Limited is classified under the textile sector, a significant component of Pakistan's industrial landscape. The company continues to play a role in the textile market, with upcoming board elections likely to influence its strategic direction in the coming years.