Karachi: Pakistan Synthetics Limited held its twenty-first Extraordinary General Meeting on March 25, 2025, where key resolutions were adopted, including the election of a new board of directors. The meeting, conducted in compliance with Regulation no. 5.6.9(b) of the Pakistan Stock Exchange (PSX) Rule Book, saw the confirmation of previous meeting minutes and strategic appointments to guide the company over the next three years.

During the meeting, the minutes from the 39th Annual General Meeting held on October 26, 2024, were confirmed. The Chairman of Pakistan Synthetics Limited was authorized to sign the minutes as a token of this confirmation. This procedural step ensures continuity and transparency in the company’s governance practices.

The members elected eight individuals to the board of directors, each serving a term of three years under section 159(5) of the Companies Act, 2017. The newly elected directors include Mr. Khurshid Akhtar, Mr. Yakoob Haji Karim, Mr. Noman Yakoob, Mr. Abid Umer, Mr. Mubbashir Amin, Mr. Ali Kamal, Mr. Faraz Younus Bandukda, and Ms. Sadaf Shabbir.

In addition to these elections, a resolution was passed to authorize the Chief Executive, Chief Financial Officer, and the Company Secretary to take necessary actions to implement the resolutions passed at the meeting. This authorization allows for the execution of essential tasks to facilitate the resolutions and any incidental matters.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions passed at this meeting align with regulatory requirements and the company’s strategic objectives. The exchange will be provided with the minutes of the meeting within the stipulated time frame, ensuring compliance and accountability in the corporate governance of Pakistan Synthetics Limited.

The meeting positions the company for continued growth and effective management, supported by the newly elected board and strategic leadership.