Karachi: In a significant development for Feroze1888 Mills Limited, shareholders endorsed a new board of directors during an Extraordinary General Meeting (EOGM) held on July 20, 2026. The announcement was made public on July 21, 2026, in compliance with clause 5.6.9 (b) of the Rule Book of the Pakistan Stock Exchange Limited.

During the EOGM, which took place at the ICAP Chartered Accountant Avenue in Karachi, the company's members successfully passed a resolution to elect ten directors to serve a three-year term, starting from July 20, 2026. This decision aligns with Section 159 of the Companies Act, 2017, as determined by the Board of Directors.

The newly elected board members include Mr. Abdul Rehman Yaqub, Mr. Shabbir Ahmed, Mr. Khaleequr Rahman, Mr. Perwez Ahmed, Mr. Anas Rahman, Mr. Zain Ashraf Mukaty, Mr. Temoor Ashraf Mukaty, Mr. Moin M. Fudda, Ms. Aminah Zahid Zaheer, and Ms. Hina Usmani. These individuals will be responsible for guiding Feroze1888 Mills Limited over the next three years.

According to information available from the Pakistan Stock Exchange (PSX), this appointment is a routine yet pivotal step for the company, enabling it to continue its operations with strategic direction and oversight. The resolution and its implementation underscore the procedural adherence and governance practices within the organization.

Feroze1888 Mills Limited operates within a designated market category, engaging in activities pertinent to its sector. The company's actions, including the recent board election, reflect its commitment to maintaining compliance with regulatory requirements and ensuring effective corporate governance.