Karachi: Oewan Khalid Textile Mills Limited, a prominent player in the textile industry, held its Extra Ordinary General Meeting on January 27, 2025, marking a significant milestone with the confirmation and adoption of past meeting minutes and the election of a new Board of Directors.

During the meeting, which took place at the company’s headquarters, the minutes of the preceding Annual General Meeting held on Thursday, October 27, 2022, were unanimously confirmed, approved, and adopted. The Chairman of the meeting was authorized to sign the minutes as a token of approval, solidifying the company’s commitment to transparency and adherence to procedural rigor.

In a decisive move, the shareholders elected a new board of directors for a term of three years, following the guidelines stipulated under Section 159 of the Companies Act, 2017. The appointed directors, who received equal votes in the election, include notable figures such as Mr. Ishtiaq Ahmed, Syed Maabool Ali, Syed Asim Abid Ali, Mr. Abdul Basil, Mr. Ghazanfar Saber Siddiqi, Mrs. Nida Jamil, and Mr. Aziz-ul-Haque. Their election is expected to bring a wealth of experience and strategic insights to the company, bolstering its position in the market.

According to information available from the Pakistan Stock Exchange (PSX), this strategic restructuring comes at a crucial time as Oewan Khalid Textile Mills Limited seeks to expand its market share and enhance operational efficiency within the designated market category. The new board is poised to drive the company towards achieving its long-term goals, leveraging their diverse expertise to navigate the evolving landscape of the textile industry.

With the formalities of the general meeting concluded, Oewan Khalid Textile Mills Limited looks forward to a promising future under the guidance of its newly appointed leaders. The company remains committed to maintaining its competitive edge and delivering value to its stakeholders.