May 8, 2026, 10:58 AM

Al-Abid Silk Mills Ltd. announces EGM for election of directors under Section 159

AGM / EGM

The company informed PSX that an Extraordinary General Meeting will be held on May 18, 2026 for election of directors. Seven candidates have offered themselves, and since the number of contestants does not exceed the number of board seats fixed under Section 159(1), all named persons will be deemed elected for the next three-year term.

Key Findings

  • EGM scheduled for May 18, 2026.
  • Purpose of the meeting is election of directors under Section 159 of the Companies Act, 2017.
  • Seven persons notified their intention to contest.
  • Company states all listed candidates will be deemed elected because contestants do not exceed the number of directors fixed by the board.
  • No financial information was provided in the notice.

Meeting Details

Meeting
Extraordinary general meeting
Date
May 18, 2026, 12:00 AM

Meeting Details

Agenda
  • Election of directors under Section 159 of the Companies Act, 2017
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Highlights summarize the key points from the company's official PSX filing. View the original filing for the complete details before making financial decisions.

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