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Karachi, Shareholders of Fateh Sports Wear Limited have been notified regarding the candidates for the upcoming director elections at the Extraordinary General Meeting, according to notices filed with the company following a notice dated May 16, 2024, and a corrigendum dated May 23, 2024. The meeting is scheduled for June 10, 2024.
The candidates listed for election are Mr. Rauf Alam, Mr. Aftab Alam, Mr. Saeed Alam, Mr. Faraz Alam, Mr. Ashhar Alam, Mr. Jamal Alam, and Mrs. Shabana Aftab. As the number of candidates does not exceed the number of director positions available, as stipulated under Section 159(1) of the Companies Act-2017, these seven individuals will be automatically declared elected to the board at the meeting.
According to information available from the Pakistan Stock Exchange (PSX), the notification and election process are part of the regulatory requirements under Section 159(4) of the Companies Act-2017, ensuring transparency and governance in corporate leadership transitions.