Karachi: Metropolitan Steel Corporation Limited, a key player in the steel manufacturing sector, announced the election of its new board of directors during an Extraordinary General Meeting (EOGM) held on May 31, 2025. The meeting resulted in the appointment of seven directors who will serve a three-year term, commencing from the date of the meeting, as stipulated under section 159(4) of the Companies Act, 2017.

The newly elected directors include Mr. Mehmood Ali Mehkri, Mr. Muhammad Umar Mehkari, Mrs. Sara Mehmood Mehkri, Mrs. Saba Mehkari Farooqui, Mrs. Uzma Mehmood Ali Mehkri, Mr. Irshad Ali Pitafi, and Mr. Abdul Rahim Suriya. The election process adhered to the guidelines set forth by the Companies Act, ensuring that the number of candidates matched the number of available director positions, thus facilitating an uncontested election.

The meeting also confirmed the minutes of the Annual General Meeting held on October 25, 2024. This procedural step was completed as part of the agenda, ensuring compliance with corporate governance requirements.

According to information available from the Pakistan Stock Exchange (PSX), Metropolitan Steel Corporation Limited operates within the designated market category, contributing to the country’s industrial and economic landscape. The corporation's strategic decisions and leadership efforts are closely monitored by stakeholders and investors.

The election of this board is a significant event for the corporation as it continues to navigate the challenges and opportunities within the steel industry. The newly elected board members are expected to bring their expertise and leadership to the corporation, aligning with its growth and operational goals over the next three years.