Karachi: Hascol Petroleum Limited has announced the election of its Board of Directors, to be conducted at an Extraordinary General Meeting (EOGM) on September 8, 2026. The meeting will take place at Avari Towers, Fatima Jinnah Road, Karachi, and will also be accessible via video-link.

The announcement, made public in the daily "Business Recorder" and "Nawa-e-Waqt" newspapers on August 31, 2026, is in compliance with Section 159(4) of the Companies Act, 2017. It is directed towards TRE Certificate Holders of the Exchange and outlines the candidates vying for the director positions.

According to the notice, 12 candidates have expressed their intention to stand for election. The candidates include Mr. Alan James Carter Duncan, Mr. Farid Arshad Masood, Mr. Aernout Willem Boot, Ms. Naheed Memon, Mr. Aamir Amin, Mr. Imran Ghaznavi, Mr. Shehryar Omar, Mr. Habibullah Dadabhoy, Muhammad Uraib Azneem Bilwani, Muhammad Qasim, Mr. AKM Alam, and Syed Imran Uddin Jilani.

The election process will determine seven directors from the pool of candidates, in accordance with Section 159(1) of the Act, for a term of three years. The profiles of these candidates have been made available on the company’s website.

According to information available from the Pakistan Stock Exchange (PSX), the meeting also seeks to elect an independent director, as stipulated under Section 166(3) of the Act. These independent directors are chosen based on their experience, competencies, diversity, skills, and knowledge, ensuring compliance with the required regulations.

Hascol Petroleum Limited is categorized under the designated market category for this election process. The company’s adherence to the regulatory framework underscores its commitment to corporate governance and transparency.