Lahore: Synthetic Products Enterprises Limited has confirmed that its upcoming Annual General Meeting on October 26, 2024, will feature the election of directors who have been deemed elected unopposed. This decision follows the company's announcement regarding the nominations for its Board of Directors, as outlined in compliance with Section 159(4) of the Companies Act, 2017.

The AGM, scheduled to be held at the Jinnah Auditorium of the Lahore Chamber of Commerce and Industries, will formalize the election of seven directors, including Dr. Nighat Arshad, Mr. Haroon Sharif, Dr. Syed Sohail Hussain Naqvi, Mr. Ameen Ahsan, Mr. Almas Hyder, Mr. Zia Hyder Naqi, and Mr. Abid Saleem Khan. The nominees encompass a mix of independent and other directors, with Dr. Nighat Arshad being highlighted in the female category, showcasing the company's commitment to diversity and governance.

According to information available from the Pakistan Stock Exchange (PSX), the independent directors were selected based on stringent criteria, including their experience, competencies, diversity, skills, and knowledge, ensuring they meet the independence definitions set by the law. This selection process reflects the company's adherence to high standards of corporate governance and regulatory compliance.

The profiles and detailed qualifications of the nominees have been made accessible on the company's website, offering shareholders and stakeholders transparency into the qualifications and expertise of the board members who will guide the strategic directions of Synthetic Products Enterprises Limited.