Karachi: Intermarket Securities Limited (IMS) has announced the resignation of Syed Raza Haider Jafri from his position as Director, effective July 21, 2025. The departure leaves a casual vacancy on the company's Board of Directors, which is expected to be filled in due course as per the requirements outlined in Section 155 (3) of the Companies Act, 2017.

Syed Raza Haider Jafri's resignation has been formally communicated, and it is anticipated that the exchange will inform the Trading Right Entitlement (TRE) Certificate Holders accordingly. The resignation comes amid a period of close attention to corporate governance within the sector.

According to information available from the Pakistan Stock Exchange (PSX), the announcement has been noted by market participants, with stakeholders anticipating the appointment of a new director to uphold the regulatory and strategic objectives of IMS. The designated market category for the company remains unchanged amidst this transition.

IMS continues to operate within the framework of regulatory compliance as it navigates the process of appointing a new director. The company assures its stakeholders that the transition will be managed efficiently, aligning with its commitment to maintaining robust governance standards.