Karachi: Dewan Farooque Spinning Mills Limited has elected a new board of directors following the guidelines of Section 159 of the Companies Act, 2017. The announcement, dated January 27, 2026, confirmed that the election results are effective as of Monday, January 26, 2026.

The newly elected directors include Syed Maqbool Ali, Abdul Basit, Ghazanfar Baber Siddiqi, Mehmood-ul-Hassan Asghar, Muhammad Hanif German, Aziz-ul-Haque, and Nida Jamil. This change in the board represents a significant transition for the company, marking a new chapter in its corporate governance.

According to information available from the Pakistan Stock Exchange (PSX), these changes are part of the company's strategic efforts to ensure compliance with legal frameworks while aiming for enhanced corporate oversight. The updated board structure is anticipated to influence the company's operations and strategic direction.

This development is also a noteworthy event in the designated market category, as it reflects the company's commitment to maintaining transparency and accountability in its governance practices. Members of the exchange have been notified of these changes to ensure all stakeholders are informed accordingly.