Karachi, Siemens (Pakistan) Engineering held an Extraordinary General Meeting on July 25, 2023, where significant resolutions were passed, including the removal of Mr. Markus Strohmeier from the position of Director of the company.

Resolution No. 2 was approved, stating that in light of Mr. Markus Strohmeier's ceasing to hold office as Managing Director / CEO of the company and the board's decision to remove him from the position of Director, shareholders granted approval for his removal pursuant to Section 163 of the Companies Act, 2017.

Furthermore, the Company Secretary was empowered and authorized to undertake all necessary actions, including filing forms and notices with relevant regulatory authorities like SECP (Securities and Exchange Commission of Pakistan) and PSX (Pakistan Stock Exchange) to ensure compliance with applicable laws and regulations.