Karachi: Mr. Humayun Maqbool has officially resigned from his position as director of Suraj Cotton Mills Limited, effective July 1, 2024.

According to information available from the Pakistan Stock Exchange (PSX), this significant change in the board's composition is anticipated to be formally addressed within the regulatory communications to the shareholders and TRC certificate holders of the exchange.

The reasons behind Mr. Maqbool's resignation were not disclosed in the announcement. The company is expected to pursue a replacement to fill the vacancy left by Mr. Maqbool, as per corporate governance practices.

This development is part of the broader executive changes occurring within the company, reflecting ongoing shifts in its leadership structure.