Karachi: Indus Motor Company Ltd. has successfully elected a new Board of Directors during its Extraordinary General Meeting held on October 30, 2026, at Avari Towers, Karachi. The meeting, which commenced at 9 a.m., was conducted in accordance with section 159 (4) of the Companies Act, 2017, to appoint ten directors for a term of three years starting from October 31, 2026.

The election process, as stipulated under section 159 (1) of the Companies Act, 2017, saw ten individuals offer themselves for election to the board. The candidates included a mix of executive, non-executive, and independent directors. Notably, the list of directors who will serve the company includes Mr. Mohamedali R. Habib, Mr. Shinji Yanagi, Mr. Ali Asghar Jamali, Mr. Shigeki Furuya, Mr. Giri Venkatesh, Mr. Muhammad H. Habib, Mr. Imran Ali Habib, Mr. Asif Qadir, Mr. Shabbir Diwan, and Ms. Farhana Mowjee Khan.

Since the number of candidates did not exceed the number of positions available, all ten individuals were deemed elected unopposed. As a result, the board's composition remains aligned with the company's strategic goals and governance requirements.

A resolution confirming the unopposed election of the board members was unanimously passed during the meeting. The resolution also authorized the company secretary to undertake all necessary legal formalities to implement the election results.

According to information available from the Pakistan Stock Exchange (PSX), Indus Motor Company Ltd. operates within the automobile sector, a category that significantly impacts the economic landscape.

The newly elected directors will officially begin their three-year tenure on October 31, 2026, marking a new chapter for the company as it continues to navigate the challenges and opportunities within the automobile industry.