Karachi: Shahtaj Sugar Mills Limited has announced significant changes in its leadership and internal committee structures, as confirmed by the company’s recent board meeting. On June 4, 2026, the Board of Directors appointed Mr. Toqueer Nawaz as the new Chairman of the Board, while Mr. Muneer Nawaz has taken on the role of Chief Executive of the company, both effective immediately.

In addition to the leadership appointments, the board has established two key committees: the Audit Committee and the Human Resource & Remuneration Committee. These strategic moves are set to shape the company’s direction for the upcoming three years, spanning the 2026-29 tenure.

According to information available from the Pakistan Stock Exchange (PSX), these developments do not impact the financial aspects of the company directly, as the meeting was scheduled for purposes other than financial results. The changes aim to enhance corporate governance and operational efficiency within Shahtaj Sugar Mills Limited.

TRE Certificate Holders of the Exchange have been informed of these updates, emphasizing the company’s commitment to maintaining transparency and communication with stakeholders in the designated market category.