Karachi, Sanghar Sugar Mills Limited, in accordance with the provisions of Section 159(1) of the Companies Act, 2017, has determined the composition of its Board of Directors for the upcoming term of three years, effective from November 04, 2023. The decision was made through a Circular Resolution.

The Board of Directors has fixed the total number of Directors at Seven (07) for the forthcoming term. This composition aligns with the regulatory requirements outlined in S.R.0. No. 906(1)/2023, dated July 07, 2023, issued by the Securities & Exchange Commission of Pakistan.

The composition of the Board is as follows:

Female Director: One

Independent Directors: Two

Other Directors: Four

The company will issue the necessary notices and provide additional details in accordance with legal requirements in due course, ensuring transparency and adherence to regulatory standards. This decision underscores Sanghar Sugar Mills Limited's commitment to governance and compliance as it moves forward into the next term.