Lahore: Masood Textile Mills Limited released an official notice concerning the upcoming election of directors, scheduled to be publicized in leading newspapers and on the company’s website. The notice, dated March 19, 2025, adheres to the stipulations of Section 159(4) of the Companies Act, 2017, signaling the transparency and procedural compliance in the director election process.

The announcement specifies the names of individuals who have expressed their willingness to participate in the election of directors. This formal notification, along with the necessary ballot paper, is set to appear in the "Business Recorder" and "Nawa-i-Waqat" newspapers on March 20, 2025. Additionally, the company will make this information accessible on its official website, ensuring wide dissemination to interested parties.

The statement advises the TRE Certificate Holders of the Exchange to take note of the developments. According to information available from the Pakistan Stock Exchange (PSX), this announcement falls under the designated market category of corporate governance, highlighting the company's commitment to maintaining an open and orderly process in electing its board members.

This step by Masood Textile Mills Limited reflects its dedication to regulatory compliance and corporate governance standards, ensuring that all stakeholders are adequately informed and involved in the election process.