Karachi: Biafo Industries Limited has announced the passing of its Director, Mr. Mohammad Afzal Khan, who died on June 7, 2025. The company expressed its sorrow over his demise, noting his significant contributions and leadership during his tenure.

The vacancy left by Mr. Khan's passing will be addressed in compliance with the Companies Act, 2017. Specifically, the company will follow the guidelines set forth in Section 155(3) of the Act to ensure the position is filled in a lawful and timely manner.

According to information available from the Pakistan Stock Exchange (PSX), the market will be informed of this development as it pertains to the company's governance. The disclosure is part of the designated market category requirements that necessitate the dissemination of material information to stakeholders.

Stakeholders, including the TREC Holders of the exchange, have been requested to update their records to reflect this change in the company's board of directors. The process to appoint a new director is expected to follow the company's established protocol while aligning with regulatory standards.