Lahore: Shareholders of Shezan International Limited convened an Extraordinary General Meeting on June 22, 2026, both at the company's registered office on Bund Road and virtually via Zoom, to pass significant resolutions that will shape the company's governance and executive compensation strategies.

During the meeting, the minutes from the 62nd Annual General Meeting, which took place on October 28, 2025, were confirmed. The shareholders also elected nine directors to the board for a new three-year term beginning on June 28, 2026. The directors elected are Mr. Muneer Nawaz, Mr. Humayun Ahmed Shahnawaz, Mr. Shoaib Mir, Mr. Muhammad Naeem, Mr. Nauman Khalid, Ms. Manahil Shahnawaz, Mr. Rashed Amjad Khalid, Mr. Abid Nawaz, and Mr. Farooq Hameed. This election aligns with Section 159(1) of the Companies Act, 2017.

The meeting also addressed special business concerning the remuneration of the full-time working director(s) and the Chief Executive of the company. It was resolved that the total remuneration would not exceed Rs. 50 million annually, exclusive of company-maintained transport, perquisites, and retirement benefits, applicable for the year ending June 30, 2026, and for the remainder of their term. This resolution allows for adjustments as per the terms of employment if any position becomes vacant.

According to information available from the Pakistan Stock Exchange (PSX), these developments come as Shezan International Limited aims to strengthen its market position in the designated market category. The resolutions passed in the meeting reflect the company's ongoing commitment to robust corporate governance and competitive executive compensation policies.

These resolutions mark a significant step in the company's strategic planning, ensuring that leadership is well-positioned to navigate future challenges and opportunities.