Karachi: In a strategic move following the acquisition of an equity stake in M.P. Industries Limited, LSE SPAC-II Limited has announced the induction of new directors and key management personnel into the Target Company. This development was reported in a detailed document dated September 25, 2026.

Four directors nominated by LSE SPAC-II Limited have joined the Board of Directors of M.P. Industries Limited (MPIL). The directors include Syed Haider Mujtaba, Syeda Noor ul ain Ali, Mr. Asad Ahmad, and Mr. Muhammad Usman. Their appointments are part of the broader management takeover of MPIL by LSE SPAC-II Limited.

In addition to the board appointments, the company has strengthened its financial and governance oversight with the induction of Mr. Zain ul Abideen as Chief Financial Officer and Mr. Ameer Hamza as Company Secretary. These appointments aim to enhance the financial, corporate governance, and compliance frameworks of the Target Company.

This strategic move follows LSE SPAC-II Limited's investment in MPIL, marking a significant shift in the management and governance structure of the company. The newly appointed directors and management personnel are expected to drive the company's future growth and compliance measures.

According to information available from the Pakistan Stock Exchange (PSX), the announcement of these appointments has been formally communicated to the TRE Certificate Holders of the Exchange. This ensures that all relevant stakeholders are informed of the management changes and the potential implications for the company's operations.

This development positions LSE SPAC-II Limited as a key player in the management landscape of M.P. Industries Limited, reflecting its commitment to strengthening the company's operational and governance capabilities.