Islamabad: Elahi Cotton Mills Limited has announced an Extra-ordinary General Meeting (EOGM) to be held on April 20, 2026, at its registered office in Islamabad. The meeting, scheduled for 9:30 a.m., will address several key items, including the election of a new Board of Directors and the determination of terms for a new Chief Executive.

The agenda for the EOGM includes the confirmation of minutes from the 55th Annual General Meeting and the election of directors in accordance with Section 159 of the Companies Act, 2017. The current board members, whose tenure is set to conclude at this meeting, are Mr. Mahboob Elahi, Mr. Mahfooz Elahi, Mr. Mahmood Elahi, Mrs. Samina Begum, Mr. Ahmed Shaffi, Sheikh Farrukh Ahmed, and Mr. Muhammad Azeem Afzal Hashmi. All retiring directors are eligible for re-election for a three-year term.

A special business item will address the appointment terms for a new Chief Executive, as the current Chief Executive’s tenure ends on May 5, 2026. The Board of Directors has recommended that members determine and approve any new terms for the incoming executive. The current Chief Executive receives a remuneration of Rs. 23,200 per month, along with coverage for telephone and medical expenses.

According to information available from the Pakistan Stock Exchange (PSX), Elahi Cotton Mills Limited is categorized under the textile sector. The notice emphasizes compliance with corporate governance standards, requiring all candidates for board positions to submit relevant documentation at least 14 days before the meeting.

In preparation for the meeting, the company has outlined procedures for proxy appointments and e-voting options in case the number of candidates exceeds the available director positions. Shareholders are encouraged to convert physical shares to book-entry form and update their contact details with the share registrar.

The Securities and Exchange Commission of Pakistan (SECP) has prohibited companies from offering incentives to shareholders at general meetings, a directive reiterated in the notice. The EOGM notice and related documents are available on the company’s website, ensuring transparency and accessibility for all stakeholders.