Karachi: National Foods Limited has announced its upcoming Annual General Meeting (AGM) scheduled for October 21, 2024, at Karachi, where elections for the board of directors will be held. This announcement comes in accordance with Section 159(4) of the Companies Act, 2017, emphasizing transparency and regulatory adherence in the electoral process.

The notice for the AGM, along with details of the director elections, was issued on September 30, 2024, as stipulated under the regulations of the Pakistan Stock Exchange (PSX). According to information available from the Pakistan Stock Exchange (PSX), the AGM will include the election of directors under three specific categories: Female, Independent, and Others, reflecting a structured approach to governance and diversity.

Candidates listed for election include Noreen Hasan under the Female category, Ali Shirazi and Zouhair Abdul Khalq under the Independent category, and four candidates—Mr. Abrar Hasan, Mr. Adam Fahy Majeed, and Mrs. Saadia Naveed among others—in the Others category. This structured categorization is a compliance measure to ensure a balanced board that meets the statutory requirements of corporate governance.

The company has been proactive in informing all relevant TRE certificate holders about the AGM and the election process, ensuring that all procedures are in line with the regulatory frameworks and shareholder expectations.