Karachi: During an Extraordinary General Meeting held on March 31, 2026, Gul Ahmed Textile Mills Limited elected a new board of directors, as per the resolutions passed under clause 5.6.9(b) of the Pakistan Stock Exchange (PSX) regulations. The meeting took place at the Moosa D. Dessai ICAP Auditorium of the Institute of Chartered Accountants of Pakistan in Karachi, and was also accessible via video link.

The newly elected directors will serve a term of three years beginning April 1, 2026. The elected individuals are Mr. Mohomed Bashir, Mr. Zain Bashir, Mr. Ziad Bashir, Mr. Mohammed Zaki Bashir, Mr. Ehsan A. Malik, Ms. Zeeba Ansar, and Mr. Kamran Y. Mirza. The election process followed the stipulations under Section 159(1) of the Companies Act, 2017, which also confirmed that the total votes would be distributed equally among the seven directors.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions were enacted to ensure compliance with the exchange’s regulatory framework, maintaining the company’s governance standards. The meeting highlighted the company’s commitment to adhering to statutory requirements while enabling shareholder participation through both physical and digital means.

The textile sector, a designated market category of the PSX, continues to play a significant role in Pakistan’s economy, with companies like Gul Ahmed Textile Mills Limited at the forefront of industry developments. The election of the new board is expected to steer the company toward continued growth and operational excellence in the coming years.