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Karachi, Jauharabad Sugar Mills Limited held an Extraordinary General Meeting on September 7, 2023, at the company’s registered office in Kot Lakhpat, Lahore. In accordance with clause 5.6.9(b) of PSX Regulations, the meeting saw the adoption of several important resolutions.
The primary agenda of the meeting was the election of directors, as mandated by Section 159(1) of the Companies Act 2017, which requires the board to appoint seven directors for a three-year term commencing on September 8, 2023.
The following resolution was passed:
“RESOLVED that in accordance with the provision of Section 159 of the Companies Act, 2017, the following persons have been elected unopposed as Directors of Jauharabad Sugar Mills Limited for the next term of three [3] years with effect from September 08, 2023, in the Extraordinary General Meeting of the company held on September 07, 2023.”
This announcement marks a pivotal moment in the company’s governance structure, ensuring that it continues to thrive under the leadership of its newly elected directors. Additionally, the Company Secretary has been granted authorization to complete all necessary legal formalities to enact this resolution.
The post Jauharabad Sugar Mills Elects Seven Directors for Three-Year Term appeared first on Pakistan Company News.