Lahore: The Thal Industries Corporation Limited has announced the appointment of Mr. Khawaja Bilal Hussain as an Independent Director, stepping into the role following the resignation of Mr. Muhammad Ashraf Khan Durani. This decision was finalized by the Board of Directors and took effect on June 15, 2026, as disclosed in an official communication dated June 22, 2026.

The appointment comes as part of the company's ongoing efforts to ensure robust governance and strategic oversight. According to information available from the Pakistan Stock Exchange (PSX), such board-level changes are often critical in maintaining the confidence of both investors and stakeholders, reflecting a commitment to corporate governance and transparency.

Mr. Hussain, who assumes his new role with immediate effect, is expected to play a pivotal part in steering Thal Industries through its next phase of development. His induction follows a strategic assessment by the board to fill the vacancy left by Mr. Durani, ensuring continuity and stability within the company's leadership framework.

Thal Industries Corporation Limited continues to be a significant player in its designated market category, with this latest appointment underscoring its dedication to enhancing the effectiveness of its board and aligning with best practices in corporate governance.