Karachi, In an extraordinary general meeting held on July 7, 2023, at Islamabad, the shareholders of EFU General Insurance Limited passed and adopted several resolutions, including the election of directors. The meeting, which was convened to discuss the ordinary business matters of the company, witnessed the smooth election process as the number of candidates offering themselves for election matched the number of directors to be elected.
Under section 159(1) of the Companies Act, 2017, the Board of Directors had previously fixed the number of directors to be elected. Since the count of candidates corresponded exactly to the required number, the shareholders resolved that the seven individuals who expressed their willingness to serve as directors be elected. These seven newly elected directors will hold their positions for a term of three years starting from July 10, 2023.
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