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Karachi: Stile Limited announced the appointment of Mr. Muhammad Waked as its new Company Secretary, effective immediately, during the Board of Directors meeting on September 6, 2024. He replaces Mr. Ovais Jamani, who resigned on February 28, 2024.
This change comes after Mr. Jamani stepped down earlier this year, prompting a search for a new officer to oversee regulatory compliance and corporate governance matters at Stile Limited. According to information available from the Pakistan Stock Exchange (PSX), the appointment is a critical administrative update, which the company has communicated to all TRE Certificate Holders of the Exchange to ensure adherence to corporate governance norms.
Mr. Waked’s role will involve key responsibilities around compliance and administration within Stile Limited, maintaining the company’s standing in legal and financial regulations. The company has not yet released additional details regarding the reasons behind Mr. Jamani’s resignation or the specific goals for Mr. Waked as he steps into his new role.
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