Karachi: Sitara Peroxide Limited has announced a list of individuals who have declared their intention to stand for election as directors at the forthcoming Annual General Meeting (AGM). Scheduled for January 7, 2026, the AGM will convene at 4:00 p.m. at the Institute of Chartered Accountants of Pakistan (ICAP) Auditorium Hall, located on Chartered Accountants Avenue in Clifton, Karachi.

The announcement, dated December 30, 2025, was made under Section 159(4) of the Companies Act, 2017. It informs members that a total of 12 candidates have filed notices to contest for a position on the board. However, only seven directors are to be elected at this meeting as set by the board according to Section 159(1) of the Companies Act, 2017.

The candidates vying for election include Mr. Imran Ghafoor, Mrs. Sharmeen Imran, Mr. Muhammad Bin Imran, Mr. Haroon Ahmed Zuberi, Mr. Saim Bin Saeed, Mr. Yasir Ahmad Awan, Mr. Shaukat Hussain Chaudhary, Mr. Ali Nadeem, Mr. Muhammad Iqbal, Mr. Khawaja Shabbar Hasan, Mr. Saqib Anjum, and Mrs. Sarah Iqbal Goa. Among them, Mr. Haroon Ahmed Zuberi and Mr. Saim Bin Saeed are noted as independent candidates.

The election will proceed under the guidelines of Section 159(5) of the Companies Act, 2017, as the number of candidates exceeds the available positions. Profiles of the candidates are available on the company’s official website, providing shareholders with an opportunity to review the credentials and qualifications of each nominee prior to casting their votes.

According to information available from the Pakistan Stock Exchange (PSX), Sitara Peroxide Limited is categorized within the designated market category, indicating its market participation and regulatory compliance status.

This election is a significant event for the company, providing shareholders an opportunity to influence the strategic direction by selecting directors who align with their vision and expectations for the company’s governance and performance.