Lahore: The Pakistan Credit Rating Agency Limited convened an Extraordinary General Meeting (EOGM) on December 29, 2025, at its registered office in Lahore, where shareholders confirmed previous meeting minutes and elected a new board of directors.

The meeting, held in compliance with Regulation No. 5.6.9 (b) of the Pakistan Stock Exchange Limited’s Rule Book, saw shareholders confirm the minutes of the 31st Annual General Meeting (AGM) from October 28, 2025. This procedural step was completed without objection.

A significant outcome of the meeting was the election of eight directors to the company’s board for a three-year term starting December 31, 2025. The individuals elected are Najaf Yawar Khan, Amir Mahmood, Mumtaz Hussain, Saniya Ali, Zafar Abbas, Muzaffar Ahmad Virk, Asif Nathani, and Khalid Aziz Mirza. Notably, Amir Mahmood, Zafar Abbas, and Khalid Aziz Mirza will serve as independent directors. These appointments are subject to approval by the Commission as per the Credit Rating Companies Regulations, 2016.

According to information available from the Pakistan Stock Exchange (PSX), the meeting also addressed the ratification and approval of transactions with related parties for the financial year ending June 30, 2025. The resolution concerning these transactions was passed without modification, ensuring compliance with applicable laws.

Furthermore, the shareholders authorized the Board of Directors to approve related party transactions for the financial year ending June 30, 2026. These transactions will subsequently be presented to shareholders for formal ratification at the next AGM, underscoring continued adherence to corporate governance practices.

The meeting concluded with all resolutions passed, reflecting the shareholders’ alignment on the company’s strategic direction and regulatory compliance.