Pakistan PVC Limited Announces Director Elections Under Companies Act

Karachi: Pakistan PVC Limited has issued a notice for the election of directors in compliance with Section 159(4) of the Companies Act, 2017. The notice, published in the Pakistan Observer and Jassarat on October 16, 2024, informs members that several candidates have filed their intentions to serve as directors.

According to information available from the Pakistan Stock Exchange (PSX), the individuals vying for director positions include Saira Shaffi, Arif Shaffi, Abdullah Shaffi, Arshad Javaid, Mohammad Iqbal, Adeel Shaffi, and Mohammad Shaffi. These nominations follow the stipulations set by Section 159(3) of the Companies Act, 2017, indicating a structured approach to governance and leadership within the company.

As the number of nominees does not exceed the number of director slots determined by the board under Section 159(1) of the Act, these candidates are set to be automatically elected at the upcoming Annual General Meeting on October 18, 2024. This process ensures a streamlined election, providing continuity and stability in the company’s governance.

TRRS Certificate Holders and other stakeholders have been duly informed to ensure transparency and adherence to legal and regulatory frameworks.

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