Lahore: First National Equities Limited has announced an Extraordinary General Meeting (EGM) scheduled to take place on July 1, 2025, in Lahore. The meeting's agenda includes the confirmation of minutes from the previous Annual General Meeting, held on October 28, 2024, and the election of directors for the company.
During the EGM, shareholders will vote to elect seven directors to serve a term of three years, as determined by the Board of Directors in their meeting on May 26, 2025. This decision aligns with Section 159(1) of the Companies Act, 2017, which governs the election process for directors.
The current directors eligible for re-election include Ms. Ayesha Anam, Mr. Adnan Amjad Khan, Mr. Amir Shehzad, Mr. Zeeshan Tahir, and Mr. Muhammad Bilal. These individuals are part of the slate of candidates to be considered by the company's shareholders.
According to information available from the Pakistan Stock Exchange (PSX), First National Equities Limited is listed under the designated market category. The election is pivotal for the company as it seeks to ensure continuity and experience within its leadership.
The outcome of this election will determine the strategic direction of First National Equities Limited for the next three years, and the company anticipates active participation from its members.