Karachi, In a recent notice pursuant to Section 159(4) of the Companies Act, 2017, Archroma Pakistan Limited informed its shareholders of the upcoming election of directors. The election is scheduled to occur during the Extraordinary General Meeting (EOGM) on Thursday, 28th March 2024, at 10:00 a.m. at the company’s registered office located at 1-A/1, Sector 20, Korangi Industrial Area, Korangi, Karachi Sindh - Pakistan.
The company disclosed the names of seven candidates intending to offer themselves for election as directors. The list includes Mr. Thomas Bucher, Mr. Patrick Verraes, Mr. Mujtaba Rahim, Mr. Irfan Chawala, Mr. Shahid Ghaffar, Ms. Yasmin Habib Peermohammad, and Dr. Lalarukh Ejaz. Mr. Ghaffar and Ms. Peermohammad are nominated as independent directors, while Dr. Ejaz is identified for the role of female director, fulfilling the diversity and competency requirements under the applicable laws.
Given the number of nominees does not exceed the board's predetermined limit, these individuals are set to be automatically elected at the EOGM as per the guidelines of the Companies Act, 2017. The professional backgrounds and qualifications of all candidates are accessible for shareholder review on Archroma Pakistan’s official website.
The selection of independent directors adheres strictly to the criteria of independence established under the relevant laws. Their qualifications and expertise have been acknowledged, and their names are recorded in the data bank of independent directors maintained by the Pakistan Institute of Corporate Governance, underscoring the company’s commitment to governance standards and transparency.