Karachi: Towellers Ltd has officially set the number of directors on its Board at eight. This decision was reached in a board meeting held today at the company's registered office. The move aligns with section 159(1) of the Companies Act, 2017, and is in preparation for the upcoming Annual General Meeting where these directors will be elected.

The board's resolution will be communicated to the TRE Certificates Holders of the Pakistan Stock Exchange. According to information available from the Pakistan Stock Exchange (PSX), this adjustment is a part of Towellers Ltd's compliance with legal requirements set forth in the Companies Act, ensuring that governance structures are transparent and appropriately scaled for future corporate plans.

This designation of eight board members is crucial as it influences the strategic decisions and governance dynamics of Towellers Ltd, impacting both internal policies and market-facing activities.