Karachi: In a recent development within LSE Finance Limited, the Board of Directors has finalized the composition for the upcoming term elections, scheduled for the period of 2025 to 2028. The decision, reached through a resolution by circular dated October 16, 2025, specifies the election of seven directors, reflecting a strategic restructuring of the board.

The new board will comprise five Shareholder Directors, which will include at least one female director, and two Independent Directors. This decision aligns with the regulatory provisions under Section 159(1) of the Companies Act, 2017, signaling compliance and governance alignment.

Furthermore, the Chief Executive Officer of LSE Finance Limited is to be appointed by the Board from among the elected Shareholder Directors. The CEO will serve a three-year term under a contractual agreement.

According to information available from the Pakistan Stock Exchange (PSX), this strategic move is part of LSE Finance Limited's broader objective to enhance governance frameworks and ensure diverse representation within its leadership structure.

The company has notified the TREC Holders of the Exchange regarding these developments, ensuring transparency and adherence to formal communication protocols.