Lahore: Shahzad Textile Mills Limited has announced the election of its directors, as per a notice under Section 159(4) of the Companies Act, 2017. This notice, slated for publication on March 27, 2025, is addressed to the TRE Certificate Holders of the Pakistan Stock Exchange. The election will take place during an Extraordinary General Meeting scheduled for April 5, 2025, at the company’s office in Lahore.

The notice details the candidacy of seven individuals who have expressed their intention to serve as directors. In the category of “Other Directors,” four candidates have been listed: Mian Parvez Aslam, Mr. Imran Aslam, Mr. Irfan Aslam, and Mr. Danish Aslam. Two individuals, Syed Raza Ali Bokhari and Dr. Ali Raza Khan, are contesting as independent directors. Mrs. Nazish Imran stands as the sole candidate for the position of female director.

According to information available from the Pakistan Stock Exchange (PSX), the number of candidates matches the number of director positions determined by the Board of Directors, thus confirming their election. The newly elected directors will serve a three-year term, starting from April 5, 2025.

The independent directors were selected based on their expertise, qualifications, and knowledge, ensuring compliance with Section 166 of the Companies Act and relevant regulations. Comprehensive profiles of the candidates are available on the company’s website, www.shahzadtex.com, for public viewing.