Karachi: Sanghar Sugar Mills Limited has released an official disclosure to the Pakistan Stock Exchange, detailing significant executive appointments and remuneration decisions made in their Board of Directors meeting on November 8, 2023. Mr. Ghulam Dastagir Rajar has been elected as the Chairman, and Mr. Ghulam Hyder has been appointed as the Chief Executive Officer, with a monthly remuneration of Rs. 1,275,000, effective from November 4, 2023.

Additionally, Haji Khuda Bux Rajar has been named as the Executive Director, with a monthly remuneration of Rs. 1,175,000, including benefits and allowances. These appointments and remunerations are for a term of three years, with provisions for earlier resignation or disqualification as per applicable laws.

This announcement, mandated by the Securities and Exchange Ordinance of 1969, reflects the company’s compliance with regulatory requirements and its commitment to transparent corporate governance.