Karachi: EFU Life Assurance Limited has released a notice concerning the election of its board of directors, dated July 2, 2026. This announcement, issued under Section 159(4) of the Companies Act, 2017, informs shareholders of the company's forthcoming Extraordinary General Meeting (EGM), set to take place on July 9, 2026.

In the notice, EFU Life Assurance Limited disclosed that ten individuals have filed their intentions to stand for election as directors. The candidates include Mr. Rafique R. Bhimjee, Mr. Saifuddin N. Zoomkawala, Mr. Taher G. Sachak, Mr. Suleman Lalani, Mr. Asad Nasir, Mrs. Farhana Mowjee, Mr. Ruhail Muhammad, Mr. Ahsen Ahmed, Mr. Daanish Bhimjee, and Mr. Syed Saad Salman. As the number of nominees does not surpass the number of director positions previously determined by the board, all ten individuals will be considered elected during the EGM.

According to information available from the Pakistan Stock Exchange (PSX), the insurance sector, under which EFU Life Assurance Limited operates, remains a key component of the market. The company's adherence to the regulatory framework and its transparent communication with shareholders reflect its commitment to corporate governance.

The official publication of the notice was scheduled to appear in newspapers on July 3, 2026, ensuring that all stakeholders are informed ahead of the EGM. This procedural announcement underscores EFU Life Assurance Limited's dedication to maintaining compliance with statutory requirements and facilitating shareholder participation in governance matters.