Lahore: Maple Leaf Cement Factory Limited has announced the unopposed election of its board of directors, scheduled during the Extraordinary General Meeting on December 31, 2025, at its registered office on 42-Lawrence Road, Lahore. This election process follows the guidelines set forth in Section 159(4) of the Companies Act, 2017.
The company, a significant player in the designated market category of construction materials, has confirmed that eight individuals have submitted their intentions to stand for election as directors. The nominees include Mr. Tariq Sayeed Saigol, Mr. Taufique Sayeed Saigol, Mr. Waleed Tariq Saigol, Mr. Dania’ Taufique Saigol, Ms. Jahanara Saigol, Syed Mohsin Raza Naqvi, Mr. Tajarrimal Hussain Bokharee, and Mr. Zulfikar Monnoo.
According to information available from the Pakistan Stock Exchange (PSX), these candidates will be elected unopposed, as the number of nominees does not exceed the number of director positions stipulated under Section 159(1) of the Companies Act, 2017. Consequently, the aforementioned individuals are set to assume their roles for a three-year term starting on December 31, 2025.
The notice regarding this election was dispatched to the Pakistan Stock Exchange, in compliance with clause 5.6.9(b) of the Listing Regulations, prior to its publication in newspapers. This procedure ensures transparency and adherence to regulatory requirements.
The Maple Leaf Cement Factory Limited’s proactive approach in notifying its shareholders and stakeholders underscores its commitment to corporate governance and regulatory compliance as it prepares for this significant transition in its leadership.