Karachi: Dadex Eternit Limited has announced the resignation of Mr. Moin Muhammad Fudda from his position as an Independent Director, effective November 12, 2026. This development, which was reported to the Pakistan Stock Exchange, has resulted in a casual vacancy on the company's Board of Directors.
In a formal communication dated November 13, 2026, Dadex Eternit Limited disclosed the resignation in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1 (a) of the PSX Regulations. The company has stated its intent to fill the vacancy in accordance with the relevant legal and regulatory requirements.
According to information available from the Pakistan Stock Exchange (PSX), the resignation was submitted to ensure that the TRE Certificate Holders of the Exchange are duly informed. Dadex Eternit Limited, which operates in the designated market category of construction and building materials, is now tasked with appointing a new independent director to maintain compliance and governance standards.
The company has not yet released any further details regarding potential candidates or the timeline for filling the vacancy.