Karachi: Sitara Chemical Industries Limited has declared the results of its election for the board of directors, an event scheduled to take place at the company's Extraordinary General Meeting on August 7, 2025, in Karachi. The announcement follows the guidelines set forth under Sections 159 and 166 of the Companies Act, 2017.

The company revealed that seven individuals have submitted their candidacy for the board positions, matching the number of available seats. Consequently, these candidates will be deemed elected during the meeting. The directors include Mr. Muhammad Adrees, Mr. Ahmad Hassan, Mr. Haroon Ahmed Zuberi, Ms. Shala Waheed Sher, Mr. Ijaz Hussain, Mr. Abdul Awwal, and Mr. Najmul Hoda Khan.

Mr. Ahmad Hassan and Mr. Haroon Ahmed Zuberi have been designated as independent directors. The selection of these two individuals aligns with the regulations governing the appointment of independent directors, emphasizing their competencies, skills, and experience. Their appointments comply with the Companies (Manner and Selection of Independent Directors) Regulations, 2018.

According to information available from the Pakistan Stock Exchange (PSX), Sitara Chemical Industries Limited operates within the designated market category for chemicals. The company's compliance with regulatory frameworks reflects its adherence to corporate governance standards.

The election process indicates a seamless transition in leadership, as no opposition was presented for the available directorships. This development underscores the stability within the company's governance structure.