Lahore: Colony Textile Mills Limited has announced the election of its new board of directors following an extraordinary general meeting held on October 28, 2026.

During the meeting, shareholders voted to elect seven directors to serve a three-year term. The newly elected directors are Mr. M. Ata Ullah Khan, Mr. Fareed Mughis Sheikh, Mr. Muhammad Tariq, Mr. Muhammad Shahzad Jamil, Syed Aftab Hussain Naqvi, Mr. Abdul Hakeem Khan Qasuria, and Ms. Bisma Niazi. This election follows the stipulations of Section 159(1) of the Companies Act, 2017, which requires that the number of directors to be elected corresponds with the number determined by the board.

According to information available from the Pakistan Stock Exchange (PSX), Colony Textile Mills operates within the textile manufacturing sector, a key industry in Pakistan’s economy. The designation aligns with the company's ongoing operations and strategic direction, which are expected to continue under the guidance of the newly appointed directors.

The resolutions passed in the meeting mark a significant juncture for Colony Textile Mills as it prepares for the future under fresh leadership. The directors will assume their roles immediately, embarking on their three-year tenure with effect from the date of the meeting.