Lahore: Haseeb Waqas Sugar Mills Limited is set to hold its Annual General Meeting (AGM) on Saturday, January 25, 2025, at 09:00 a.m. at its registered office, located at 05-F, Model Town, Lahore. The meeting will see the uncontested election of directors as announced through a notice under Section 159 (4) of the Companies Act, 2017.

As per the notification, eight individuals have filed their consent to stand for election as directors of the company. These candidates include Mr. Raul Mustafa and Mr. Abdullah Ilyas, who are independent directors, along with Mian Waqas Riaz, Mr. Abubakar Ijaz, Mrs. Yasmeen Riaz, Mrs. Shahzadi Ilyas, Mrs. Zainab Waqas, and Mrs. Zakia Ilyas.

Since the number of candidates does not exceed the number of director positions set by the board under Section 150(1) of the Companies Act, 2017, these eight individuals will automatically be deemed elected at the forthcoming AGM. Detailed profiles of all candidates are available on the company's official website, www.hwgc.com.pk.

The independent directors have been selected based on their experience, competencies, diversity, and skills. They meet the independence criteria set under applicable laws and are listed in the data bank of independent directors maintained by the Pakistan Institute of Corporate Governance (PIGC).

According to information available from the Pakistan Stock Exchange (PSX), Haseeb Waqas Sugar Mills Limited operates within the food and beverage sector. As of the latest available data, the company has shown significant financial activity, contributing to the overall market dynamics in the sugar industry.

The announcement was made by Ansar Ahmed, FCA, who currently serves as the Company Secretary, dated January 17, 2025. This election process reflects the company's commitment to maintaining robust governance standards and ensuring a diverse and skilled board of directors.