Lahore: The shareholders of S.S. Oil Mills Limited have been informed that the individuals who have filed their notices to offer themselves for election as Directors at the upcoming Annual General Meeting (AGM) on October 28, 2024, will be elected unopposed. This development follows the guidelines of section 159(4) of the Companies Act, 2017.

The candidates set for the election include Mr. Shahzad Ali Khan, Mr. Shaharyar Ali Khan, Mr. Sikandar Ali Khan, Nawabzada Wajahat Ali Khan, Nawabzadi Begum Shamim Shafqat, Mr. Hassan Javed, and Mr. Javaid Umar. These individuals encompass executive, non-executive, and independent roles within the company, aligned with corporate governance standards.

Since the number of nominees does not exceed the number of director positions established by the Board under Section 159(1) of the Companies Act 2017, these candidates will commence their directorship for a three-year term starting from October 28, 2024. According to information available from the Pakistan Stock Exchange (PSX), the profiles of all candidates have been made accessible on the company's official website, www.ssgroup.pk. The selection of the independent directors was based on a stringent criterion that includes experience, competencies, diversity, skills, and knowledge, ensuring compliance with Section 166 of the Companies Act and related regulations.

This structured approach highlights S.S. Oil Mills Limited’s adherence to legal frameworks and corporate governance norms, facilitating transparent and effective management.