Karachi, Arctic Textile Mills Limited has announced that seven individuals have filed notices with the company, expressing their intention to stand for election as Directors at the upcoming Extra Ordinary General Meeting (EOGM). The EOGM is scheduled to take place on July 11, 2023, in Faisalabad.
As per the information provided, the number of candidates offering themselves for election does not exceed the number of Directors determined by the Board of Directors under section 159 (1) of the Companies Act, 2017. Consequently, all seven individuals will be deemed elected as Directors of Arctic Textile Mills Limited for the next three-year term, commencing from July 11, 2023.
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