Lahore: Zuma Resources Limited, previously known as Bilal Fibres Limited, announced significant changes in its leadership and the approval of its quarterly accounts for the period ending September 30, 2025. The announcements were made following a Board of Directors meeting held on January 1, 2026.
In a statement issued by the company, it was revealed that the board has accepted the resignation of the Chief Executive Officer, Mr. Naeem Omer. Mr. Muhammad Usman Saber will assume the role of CEO effective immediately. Additionally, Mr. Syed Tahir Nawazish has been appointed as the new Chairman, replacing Mr. Muhammad Aslam Bhatti, also effective January 1, 2026.
The company also announced the acceptance of the resignation of Mr. Muhammad Ijaz Shahid as Company Secretary. Mr. Muhammad Saeed has been appointed as the new Company Secretary, with the transition taking effect from the start of the year.
These leadership changes are part of the company’s compliance with Section 96 of the Securities Act, 2015, and Clause 5.6.1 of the Pakistan Stock Exchange (PSX) Regulations. According to information available from the Pakistan Stock Exchange (PSX), Zuma Resources is actively engaging in ensuring that these new appointments align with their broader strategic objectives.
The board’s approval of the quarterly accounts marks another key development for Zuma Resources as it continues to navigate its market category. The company, which operates from its registered office on the 4th Floor Building, 90/50-B, Broadway DHA, Phase-08, Lahore, is taking these steps to enhance its corporate governance and operational efficiency.
The disclosure of these changes was accompanied by the required documentation in accordance with SRO 142(1)/2012 dated December 5, 2012, in compliance with the Securities Act, 2015. The company has communicated these updates to the TRE Certificate Holders of the Exchange, ensuring transparency and adherence to regulatory standards.