Lahore: In a scheduled event on August 16, 2024, Zephyr Textiles Limited will conduct elections for its Board of Directors during the Extraordinary General Meeting at its registered office in Lahore. The elections are mandated under Section 159(1) of the Companies Act 2017.

Candidates from various categories have submitted their intentions to seek election. In the Female Director Category, Ms. Tehniyat Mussaid is the sole candidate for one directorship. The Independent Directors Category includes Mr. Sheikh Muhammad Iqbal and Ms. Ayesha Naweed, aiming for two available positions. Other directorship candidates are Mr. Mussaid Hanif, Mr. Arbab Muhammad Khan, Ms. Sabah Burhan, and Ms. Sarah Naviwala, with four positions to fill in their category.

According to information available from the Pakistan Stock Exchange (PSX), the number of nominees corresponds exactly to the number of available positions. Consequently, as per the stipulations of the Companies Act, these candidates are anticipated to be affirmed without contest at the meeting.

This streamlined election process ensures a smooth transition and continuous governance structure for Zephyr Textiles, aligning with the procedural requirements outlined in the national corporate legislation.