Karachi: In a decisive move to address a casual vacancy within its leadership, Blessed Textiles Limited has appointed Mr. Ghulam Mustafa Monnoo as a new director, following a board meeting held on Wednesday, May 20, 2026, at 11:30 a.m. in Karachi.

The board of directors of Blessed Textiles convened to deliberate on filling the vacancy in compliance with Section 155(3) of the Companies Act, 2017. The meeting resulted in a unanimous resolution to appoint Mr. Ghulam Mustafa Monnoo, son of Mr. Muhammad Shakil Monnoo, as the new director. This decision is effective from May 20, 2026, and Mr. Monnoo will serve for the remainder of the term of the director he replaces, in accordance with Section 161(2) of the Act.

The appointment of Mr. Monnoo is part of the company’s ongoing efforts to ensure effective governance and leadership. The company has complied with the disclosure requirements as mandated by Section 96 and 131 of the Securities Act 2015. This disclosure, in conjunction with SRO No.143 (1)/2012 dated December 5, 2012, and clause 5.6.1 of the rule book of the Pakistan Stock Exchange (PSX), ensures transparency in the company’s operations.

According to information available from the Pakistan Stock Exchange (PSX), this appointment is a significant step for Blessed Textiles Limited, reflecting its commitment to maintaining robust corporate governance standards. The company has provided the necessary documentation, duly filled and signed, to adhere to regulatory requirements.

The textile sector, known for its pivotal role in Pakistan’s economy, continues to experience shifts in leadership as companies navigate a dynamic market environment. Blessed Textiles Limited’s strategic appointment is anticipated to contribute positively to the company’s future endeavors.