Karachi: In a notice issued under Section 159(4) of the Companies Act, 2017, Dynea Pakistan Limited has announced the upcoming election of directors, set to take place at an Extraordinary General Meeting scheduled for June 27, 2025, in Karachi. The notice outlines the candidacy of seven individuals who have submitted their intentions to stand for election as directors of the company.

The individuals nominated for election are Mr. Donald Jenkin, Mr. Mustafa Jafar, Mr. Lee Kin Seng, Mr. Adnan Afridi, Ms. Anam Fatima Khan, Mr. Mazhar Valjee, and Ms. Naila Kassim. As the number of candidates does not exceed the number of directors to be elected, these seven nominees are expected to be elected unopposed at the forthcoming meeting.

According to information available from the Pakistan Stock Exchange (PSX), the market is keenly observing the developments at Dynea Pakistan Limited as the election unfolds. The election is being conducted in accordance with Section 159(3) of the Companies Act, 2017, which governs the process of director elections in the company.

Dynea Pakistan Limited, categorized under the designated market of chemical manufacturing, is set to confirm the appointment of these directors in the anticipated meeting. The confirmation will proceed without the need for a contested election, as stipulated by the provisions in Section 159(1) of the Companies Act, 2017, due to the number of nominations matching the positions available.