Karachi: Habib Sugar Mills Limited has announced the upcoming election of its board of directors, scheduled for January 27, 2026, amid a straightforward process as the number of candidates equals the number of available roles. This development comes in compliance with Section 159(4) of the Companies Act, 2017, and is part of the regulatory obligations under the Pakistan Stock Exchange (PSX).

According to information available from the Pakistan Stock Exchange (PSX), the company has disclosed the list of individuals who have filed their candidacy for the directorial positions. The candidates include Mr. Asghar D. Habib, Mr. Murtaza Habib, Mr. Hasnain Habib, Mr. Ghias Uddin Khan, Mr. Asif Parekh, Mr. Muhammad Salman Husain Chawala, and Ms. Tyaba Muslim Habib. These individuals are expected to be confirmed as directors since their numbers align with the board’s fixed number of directors under Section 159(1) of the Companies Act, 2017.

The notice of election, intended for publication in ‘Business Recorder’ and ‘Nawa-e-Waqf’, is part of the company’s commitment to transparency and adherence to statutory requirements. The election, held at the Annual General Meeting of the company, marks an important event for stakeholders, ensuring leadership continuity and governance in line with legislative and market standards.

This election is categorized under the designated market category of sugar manufacturing, a significant sector in Pakistan’s economy. The procedural clarity and compliance with regulatory frameworks exemplify the structured approach Habib Sugar Mills Limited adopts in its corporate governance practices.