Company Sets Number of Directors for Forthcoming Elections

Karachi: The Board of Directors of Burshane LPG Pakistan Limited has officially decided the number of directors for the upcoming elections during a meeting conducted today via Zoom. According to the decisions made in the session, the company will elect nine directors in compliance with section 159(1) of the Companies Act, 2017 at the forthcoming Annual General Meeting (AGM).

The meeting, which commenced at precisely 11:30 a.m., concluded with the board fixing the total number of directors at nine, a measure taken to align with statutory requirements and internal corporate governance standards. The existing directors, alongside potential new nominees, will undergo election processes during the AGM, scheduled for later this year.

According to information available from the Pakistan Stock Exchange (PSX), stakeholders and TRE Certificate holders of the Exchange have been advised to update their records accordingly. This decision is significant as it affects the governance structure of Burshane LPG Pakistan Limited, ensuring that it remains compliant with the legal frameworks governing corporate entities in Pakistan.

The outcome of this meeting underscores the company’s commitment to transparency and proper governance, aligning with both the legal requirements and the strategic interests of the shareholders.

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