Karachi: Shahzad Textile Mills Limited has announced a significant change in its corporate leadership. Syed Raza Ali Bokhari, who served as the Independent Director and Chairman of the Audit Committee, has stepped down from his roles effective October 5, 2026. The company has appointed Dr. Ali Raza Khan as the new Chairman of the Audit Committee.

According to information available from the Pakistan Stock Exchange (PSX), this leadership change comes amidst a period of strategic adjustments within the company, which has been focusing on strengthening its governance framework.

The textile industry, classified under the consumer discretionary sector by market analysts, has been experiencing dynamic shifts. Shahzad Textile Mills Limited, recognized for its commitment to quality and innovation, continues to adapt to evolving market demands while ensuring robust financial oversight under its new leadership.

This announcement follows the official report dated October 6, 2026, which formalized the transition in the Audit Committee's leadership. As the company moves forward, stakeholders will closely monitor how Dr. Ali Raza Khan's leadership influences the committee's operations and the company's overall governance strategy.