Karachi: Towellers Limited, a key player in the textile sector, has officially announced the candidacy of eight members for its directorial elections, as detailed in the notice under Section 159(4) of the Companies Act, 2017. The election is scheduled to take place during the Annual General Meeting on October 25, 2024, confirming the intention of Mahjabeen Obaid, Mehreen Obaid Agha, Sana Bilal, Hadeel Obaid, Zeeshan K Sattar, Valy Tariq Rangoonwala, Muhammad Sarfraz, and Niaz Muhammad to serve on the board. According to information available from the Pakistan Stock Exchange (PSX), this notice adheres to statutory requirements and has been circulated within the necessary regulatory and financial channels, ensuring transparency and regulatory compliance.

The list of candidates was enclosed in a formal notification sent to the General Manager of the Pakistan Stock Exchange on October 15, 2024, highlighting the company’s adherence to corporate governance norms. Each candidate has declared their intention to assume directorial responsibilities if elected, setting the stage for a pivotal governance reshuffle at the forthcoming Annual General Meeting.

Stakeholders and TRE Certificate Holders of the exchange have been duly informed, aligning with Towellers Limited's commitment to uphold robust corporate governance standards and enhance shareholder engagement.