Karachi: Shabbir Tiles & Ceramics Limited has announced a change in its Board of Directors following an Extraordinary General Meeting on May 2, 2025. The meeting, which focused on the election of directors, resulted in the resignation of Mr. Feroze Jehangir Cawasji from his position as Director, effective May 6, 2025.

Mr. Cawasji's departure has paved the way for Mr. Asad Said Jafar to join the Board of Directors, commencing his role on the same day Mr. Cawasji's resignation takes effect. This transition marks a significant shift in the management structure of the company.

The announcement was made to the TRE Certificate Holders of the exchange, as per the procedural requirements. The change in the board is a key development for stakeholders and investors monitoring the company's governance.

According to information available from the Pakistan Stock Exchange (PSX), the new composition of the Board of Directors reflects the ongoing strategic adjustments within Shabbir Tiles & Ceramics Limited. This change aligns with the company's efforts to adapt to evolving market conditions and stakeholder expectations.

The designated market category for this announcement falls under corporate governance, highlighting the importance of transparency and accountability in management transitions within publicly listed companies. The company aims to ensure that shareholders are kept informed of significant changes that may impact their interests.

The new board is expected to steer the company through its next phase of growth and operational strategy, with the recent appointment of Mr. Jafar bringing new perspectives and leadership to the organization.