Karachi: Bawany Air Products Limited has officially announced a change in its board of directors, with Mr. Momiza Hanif Bawany stepping down and Mr. Muhammad Afzal Shehzad appointed as Director, effective from August 21, 2024.

The transition in the board composition comes at a time when the company is poised for strategic shifts and governance enhancements. According to information available from the Pakistan Stock Exchange (PSX), this appointment is part of routine board dynamics that aim to infuse new perspectives and leadership skills into the company’s management structure.

Mr. Shehzad’s appointment is expected to bring a fresh focus to Bawany Air Products, aligning with its objectives to bolster market presence and operational efficiency. The specifics of his role and the strategic direction he will help steer are anticipated topics in upcoming company disclosures.

Stakeholders of the Exchange have been informed about these changes to ensure transparency and maintain investor confidence during the transition period.