Karachi: Shahzad Textile Mills Limited has announced the reconstitution of its Audit Committee and Human Resource and Remuneration Committee, effective April 11, 2025. The changes align with the stipulations of the Code of Corporate Governance (CCG) Regulation 2019, ensuring that the company adheres to the latest compliance requirements.

The newly formed Audit Committee will be led by Syed Raza Ali Bokhari as Chairman, with Mian Parvez Aslam and Mr. Irfan Aslam serving as members. This committee is responsible for overseeing the financial reporting process, auditing practices, and compliance with applicable laws and regulations.

The reconstitution of the Human Resource and Remuneration Committee has also been completed. Dr. Ali Raza Khan will chair the committee, with Mr. Danish Aslam and Mrs. Nazish Imran joining as members. This committee focuses on formulating policies and procedures related to human resources and employee remuneration.

According to information available from the Pakistan Stock Exchange (PSX), Shahzad Textile Mills Limited operates within the designated market category of textile manufacturing. The company’s compliance with the latest governance regulations reflects its commitment to maintaining transparency and accountability in its operations.

These changes come as part of the company's ongoing efforts to strengthen its governance framework and ensure alignment with regulatory standards. The restructured committees are expected to enhance oversight and strategic decision-making processes within Shahzad Textile Mills Limited.