Karachi: Frontier Ceramics Limited has announced the resignation of Ms. Shazia Khalid, a Non-Executive Director on its Board. The company disclosed this development on February 7, 2025, citing Ms. Khalid’s decision to step down from her role. Her departure has created a casual vacancy on the Board, which the company plans to address in due course.
The resignation of Ms. Khalid marks a significant change in the Board’s composition, as the company navigates through its strategic initiatives. Frontier Ceramics Limited is a key player in the ceramics industry, with its stocks actively traded on the Pakistan Stock Exchange (PSX). The company has assured stakeholders that steps will be taken to fill the vacancy and maintain effective governance.
According to information available from the Pakistan Stock Exchange (PSX), Frontier Ceramics Limited remains a noteworthy entity in its designated market category. The resignation of a director, especially a non-Executive one, can influence the company’s governance structure and potentially impact investor confidence. The company has not yet announced a timeline for appointing a new director, but it is expected to do so in a manner that aligns with regulatory requirements and corporate governance standards.
Frontier Ceramics Limited has requested that the TRE Certificate Holders of the Exchange be informed of this development. The company acknowledges the importance of timely communication with its stakeholders and aims to ensure a seamless transition during this period of change.