Karachi: Shahzad Textile Mills Limited has announced with deep regret the passing of Mian Parvez Aslam, its Chairman, Director, and Member of the Audit Committee, on Sunday, May 17, 2026. The announcement was made in compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the Rule Book of the Pakistan Stock Exchange Limited.
Mian Parvez Aslam, who was re-elected to the Board of Directors in 2025, was known for his leadership and vision that significantly benefited the company. His unexpected death is being regarded as a profound and irreparable loss to the organization. The Board of Directors, along with the employees, expressed their deepest condolences to his family.
The company has assured stakeholders that the vacancies on the Board of Directors and the Audit Committee will be addressed in due course. According to information available from the Pakistan Stock Exchange (PSX), the company is ensuring that all necessary procedures are followed in informing the TRE certificate holders.
Shahzad Textile Mills Limited is now focused on navigating this period of transition while honoring the contributions of Mian Parvez Aslam to its growth and success.