Karachi: Ghandhara Automobiles Limited has announced the passing of its esteemed Director, Mr. Polad Merwan Polad, on May 16, 2025. Mr. Polad was also a member of the company's Audit Committee.

The company stated that the vacancy resulting from Mr. Polad's death will be addressed in accordance with section 155 (3) of the Companies Act, 2017. The process to fill this vacancy will be undertaken in a timely manner, adhering to the legal requirements.

According to information available from the Pakistan Stock Exchange (PSX), stakeholders and TRE certificate holders have been urged to take note of these developments concerning the board's composition. The company has assured that the necessary notifications and updates will be communicated as the process progresses.

Ghandhara Automobiles Limited operates within the designated market category, and the company's management is committed to maintaining transparency and compliance with all regulatory frameworks in light of this recent event.