Karachi: Matco Foods Limited has announced a change in its internal audit leadership, effective May 29, 2025. The company confirmed that Mr. Bilal Ahmed has ceased to be the Head of Internal Audit. In his place, Mr. Sheraz Anwar has been appointed to the position.

Matco Foods Limited is a publicly traded company, and this update is significant for stakeholders, including TRE Certificate Holders of the Exchange. The announcement was made in compliance with the requirements of the designated market category.

According to information available from the Pakistan Stock Exchange (PSX), the transition in the internal audit department is part of the company's efforts to enhance its governance and operational oversight. The PSX listing mandates timely disclosures of such changes to ensure transparency and maintain investor trust.

The appointment of Mr. Sheraz Anwar is expected to bring a new perspective to the internal audit processes of Matco Foods Limited. The company has not detailed the reasons for Mr. Bilal Ahmed's departure or the criteria for Mr. Anwar's selection, focusing instead on the seamless transition in leadership.