Karachi: In a significant development for Dewan Sugar Mills Limited, the company has announced the election of seven new directors to its board. The appointments, which took effect on Monday, January 26, 2026, are in accordance with Section 159 of the Companies Act, 2017.

The newly elected board members are Syed Maqbool Ali, Mr. Abdul Basit, Mr. Ghazanfar Baber Siddiqi, Mr. Ishtiaq Ahmad, Mr. Mehmood-ul-Hassan Asghar, Mr. Aziz-ul-Haque, and Mrs. Nida Jamil. This election marks a pivotal moment for the company as it continues to navigate the landscape of the sugar industry.

According to information available from the Pakistan Stock Exchange (PSX), Dewan Sugar Mills Limited, designated within the market category, has officially communicated these changes to its members and stakeholders. The restructuring of the board is expected to bring diverse expertise and leadership to the company's strategic direction.

This board election is a procedural compliance under the Companies Act, which mandates such transitions to ensure governance and accountability within corporate entities. The announcement is part of Dewan Sugar Mills Limited's ongoing commitment to transparency and adherence to statutory requirements.

The members of the exchange have been duly informed of these changes, reflecting the company's dedication to maintaining open lines of communication with its investors and partners.