Karachi: Sapphire Textile Mills Limited has announced the election of its new board of directors and the relocation of its registered office, effective June 15, 2026. The announcements came following the company's Extraordinary General Meeting (EOGM), which saw the election of ten individuals to the board for a term of three years. The newly elected directors are Mr. Mohammad Abdullah, Mr. Shahid Abdullah, Mr. Nadeem Abdullah, Mr. Amer Abdullah, Mr. Yousuf Abdullah, Mr. Nabeel Abdullah, Mr. Umer Abdullah, Mr. Shahid Shafiq, Mr. Mirza Saleem Baig, and Ms. Mashmooma Zehra Majeed.

In a concurrent meeting of the board, Mr. Muhammad Abdullah was appointed as the Chairman, and Mr. Nadeem Abdullah was named the Chief Executive Officer of the company. These leadership changes come as part of the company's strategic efforts to strengthen its governance and operational framework.

The board also approved the relocation of the company's registered office from its previous address at 212-Cotton Exchange Building, I1 Chundrigar Road, Karachi, to a new location at the 20th Floor, Ocean Tower, Plot no. G-3, Khayaban-e-Iqbal, Block 9, Clifton, Karachi. This move is set to take effect on June 15, 2026.

According to information available from the Pakistan Stock Exchange (PSX), the resolutions regarding the change of address were unanimously adopted by the board. Mr. Zeeshan Qureshi, the Company Secretary, has been authorized to file the necessary documents with the Securities and Exchange Commission of Pakistan (SECP), Pakistan Stock Exchange Limited (PSX), and other relevant regulatory bodies to facilitate the transition.

This relocation marks a significant step for Sapphire Textile Mills Limited as it aims to optimize its operational capabilities and enhance its market presence within the designated market category.