Karachi: Gulistan Textile Mills Limited has announced the unopposed election of seven individuals to its board of directors, as disclosed in an extraordinary general meeting held on October 31, 2026. The resolution, passed during the meeting, confirmed the appointment of the new board members for a term of three years starting from the same date.

The elected individuals include Mr. Naseer Ahmad, Mr. Waqar Ahmad, Mr. Javed Hussain Shah, Mr. Mian Khalid Nasim, Mrs. Nazia Waqar, Mr. Bashrat Mehmood Khalid, and Mrs. Samina Khawar. They were declared elected according to section 159(4) of the Companies Act-2017, marking a new governance phase for the company.

According to information available from the Pakistan Stock Exchange (PSX), Gulistan Textile Mills falls under the designated market category of textile manufacturing. The industry has been experiencing fluctuations, with market observers closely watching the company's strategic moves and board decisions.

The report of the election was officially released on November 2, 2026, reflecting the company's compliance with statutory requirements and its commitment to transparent governance practices.