Karachi: Dewan Textile Mills Limited, a key player in the textile industry, has confirmed the minutes of its preceding Annual General Meeting (AGM) and appointed a new board of directors during its Extra Ordinary General Meeting (EOGM) held on January 27, 2025. The company aims to steer its future course with a renewed leadership team.

The meeting, which took place on January 27, 2025, resulted in the confirmation, approval, and adoption of the minutes from the AGM held on October 24, 2024. The resolution authorized the Chairman of the meeting to sign the minutes as a token of the company’s approval. This step marks a significant commitment to maintaining transparency and accountability in the company’s operations.

In a strategic move to bolster its leadership, Dewan Textile Mills Limited appointed new directors to its board. The directors, who will serve a term of three years, were elected in accordance with the provisions of Section 159 of the Companies Act, 2017. The newly appointed directors are Mr. Ishtiaq Ahmed, Mr. Syed Maqbool Ali, Mr. Syed Asim Abid Ali, Mr. Ghazanfar Saber Siddiqui, Mr. Abdul Basit, Mr. Aziz-ul-Haque, and Mrs. Nida Jamil.

According to information available from the Pakistan Stock Exchange (PSX), Dewan Textile Mills Limited is classified under the textile manufacturing sector, which plays a pivotal role in Pakistan’s economy. The company’s focus on enhancing its governance structure is expected to drive growth and innovation in the coming years.

This appointment of a diverse board reflects Dewan Textile Mills Limited’s commitment to strengthening its governance and operational framework. With the new directors on board, the company is poised to navigate the challenges and opportunities in the textile market effectively.