Lahore: Nets International Communication Limited has announced that seven individuals have filed for election as directors at its forthcoming Annual General Meeting (AGM), scheduled for October 28, 2026. The meeting is set to commence at 10:00 a.m. at the Nine Tree Luxury Hotel & Suites in Lahore.
The candidates who have submitted their notices of intention to stand for election include Mr. Muhammad Iqbal, Mr. Inam Ullah, Mr. Rashid Rafique, Mr. Jahangir Ahmad, Mr. Zaheer Ahmad Khan, Mr. Muhammad Nadeem, and Ms. Fozia Qadir.
In accordance with section 159 of the Companies Act, 2017, since the number of candidates matches the number of positions available as determined by the Board of Directors, these seven individuals will automatically be deemed elected as directors during the AGM.
According to information available from the Pakistan Stock Exchange (PSX), Nets International Communication Limited operates within the designated market category, ensuring the annual director elections are crucial for maintaining governance and operational oversight in alignment with shareholder interests.
The AGM will address this procedural election as part of its agenda, with no additional candidates entering the contest. The automatic election underscores a streamlined process for the company, facilitating continuity in its board leadership.