Karachi: In a significant development within Pakistan Aluminium Beverage Cans Limited, there has been a notable increase in the voting power of a key director, according to information available from the Pakistan Stock Exchange (PSX). This adjustment in governance dynamics was officially reported on August 12, 2024, underscoring changes in the control exerted over the company.

Mr. Zain Ashraf Mukaty, serving as the CEO and Director, has seen his total voting power rise to 76.74 million (21.2516%). This increase combines his direct shareholding and indirect voting power through corporate shareholding. Specifically, Mr. Mukaty directly holds 75.81 million shares, accounting for 20.9946% of the voting rights, alongside an additional 928,278 shares (0.2571%) acquired indirectly.

Conversely, Mr. Azam Sakrani, another director at the firm, holds a significantly smaller portion of the voting power, with 30,614 shares (0.0085%), nearly unchanged from his previous holding, illustrating a stark contrast in influence between the two directors.

These changes are proportional to their shareholdings in acquiring corporate entities, emphasizing the corporate governance structure within Pakistan Aluminium Beverage Cans Limited. The shifts in voting power highlight the evolving dynamics of leadership and control within the company, central to understanding the company's future direction and governance.