Islamabad: Punjab Oil Mills Limited has announced the upcoming election of directors, scheduled to take place during the Extraordinary General Meeting (EOGM) on December 29, 2025. The meeting will be held at the company’s registered office located at Plot No. 26-28, Industrial Triangle, Kahuta Road, Islamabad, at 11:00 AM.

In accordance with Section 159(4) of the Companies Act, 2017, eight individuals have submitted their intentions to contest for the position of director. The candidates include Mr. Tahir Jahangir, Mr. Usman Ilahi Malik, Mr. Jillani Jahangir, Mrs. Munizae Jahangir, Miss Mehr-un-Nisa, Mr. Furgan Anwar Batla, Mr. Saif All Rastgar, and Mr. Ahmed Agee. The profiles of these candidates are available on the company’s official website for shareholders to review.

The current board has fixed the number of directors at seven, as per Section 159(1) of the Companies Act, 2017. Consequently, since the number of candidates exceeds the fixed number, an election will be conducted under the provisions of Section 159(5) of the Act. This development underscores the company’s adherence to corporate governance practices and its commitment to involving stakeholders in key decisions.

The company has also provided shareholders with the option to participate in the election process through e-voting and postal ballots, in addition to in-person voting at the EOGM. The procedure for these voting options was circulated in the notice of the EOGM dated December 08, 2025. This approach aims to facilitate greater shareholder participation and enhance the inclusivity of the election process.

According to information available from the Pakistan Stock Exchange (PSX), Punjab Oil Mills Limited is categorized under the ‘Food and Personal Care Products’ sector. The information provided by the PSX underscores the significance of this election in shaping the company’s strategic direction and governance framework.

As the election date approaches, candidates are allowed to withdraw their candidacy before the EOGM, providing flexibility and transparency in the election process. Shareholders are encouraged to engage actively in this pivotal moment for Punjab Oil Mills Limited, as the outcome of the election will play a crucial role in determining the company’s future leadership and strategic priorities.