Lahore: Extension in the Period for Holding the Extraordinary General Meeting for the Election of Directors. EFG Hermes Pakistan Limited has announced a further postponement of its Director elections, now rescheduled to October 22, 2024. Originally set for May 25, 2024, and previously extended to August 23, 2024, the new date follows directives from the Securities and Exchange Commission of Pakistan (SECP). According to information available from the Pakistan Stock Exchange (PSX), the SECP has mandated the election under Section 158(3)(b) read with Section 147 of the Companies Act, 2017, citing procedural requirements for such delays.
Stakeholders have been advised to adjust their schedules accordingly and ensure compliance with the new timeline, as the company prepares for a critical component of its corporate governance.