Karachi: Dadex Eternit Limited has announced the resignation of its director, Mr. Maqbool H.H. Rahimtoola, effective September 24, 2024. According to the company, this departure has resulted in a casual vacancy on the Board, which will be filled in accordance with the prevailing laws and regulations.

Mr. Rahimtoola’s resignation marks a significant change in the company's leadership dynamics. Dadex Eternit Limited, a key player in the building materials industry, now seeks to address this vacancy promptly to maintain steady governance and compliance with the Pakistan Stock Exchange (PSX) requirements.

According to information available from the Pakistan Stock Exchange (PSX), the company is actively working to identify and appoint a suitable replacement to fulfill the duties left vacant by Mr. Rahimtoola. This process is integral to ensuring that Dadex Eternit Limited continues to meet its regulatory commitments and strategic objectives.

Stakeholders, including TRE Certificate Holders, have been duly informed of this development as the company prepares for this transition. The appointment of a new director will be closely watched by investors and market analysts, given the importance of maintaining leadership stability in the corporate governance structure.