Karachi: In a notable development in the corporate sector, Ghandhara Tyre and Rubber Company Limited successfully conducted its Extraordinary General Meeting (EOGM) on August 31, 2026, in Karachi. During the meeting, important resolutions were passed, including the confirmation of the minutes from the previous Annual General Meeting and the election of a new board of directors.

The certified copy of the resolutions, in compliance with the Pakistan Stock Exchange (PSX) Regulations, has been officially submitted. One of the primary resolutions passed during the EOGM was the confirmation of the minutes from the 62nd Annual General Meeting, held on October 28, 2025. The minutes were confirmed without any amendments, reflecting the shareholders' unanimous approval.

Furthermore, the meeting saw the election of nine directors to the company's board, a decision made in accordance with the provisions of Section 159(1) of the Companies Act, 2017. The elected directors, set to serve a term of three years commencing from August 31, 2026, include Lt Gen (R) Ali Kuli Khan Khattak, Mr. Ahmad Kuli Khan Khattak, Mr. Manzoor Ahmed, Syed Ahmed Iqbal Ashraf, Mr. Ikram ul Majeed Sehgal, Mr. Muhammad Kuli Khan Khattak, Mrs. Mehvish Waliany, Mr. Muhammad Farooq Nasim, and Syed Zafar Hussain Gardezi.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions were adopted and the directors were elected unopposed, indicating a consolidated consensus among the shareholders.

The meeting proceedings and the decisions made are significant in the context of Ghandhara Tyre and Rubber Company Limited's strategic direction, as the new board will guide the company's operations over the next three years. The Karachi-based company's adherence to PSX regulations and the Companies Act, 2017, underscores its commitment to corporate governance standards within the designated market category.