July 8, 2026 – Zuma Resources Limited has announced changes to its Board of Directors following the acceptance of resignations from two existing board members and the appointment of two new independent directors.
In a material information notice submitted to the Pakistan Stock Exchange (PSX), the company stated that its Board of Directors has accepted the resignations of Mr. Muhammad Aslam Bhatti and Mr. Muhammad Kashif as directors.
To fill the resulting casual vacancies, the Board has approved the appointment of Mr. Muhammad Jamal Sheikh and Mr. Muhammad Riaz as Independent Directors. The appointments became effective on July 8, 2026.
The company said the changes were approved by the Board in accordance with Section 96 of the Securities Act, 2016, and Clause 5.6.1(a) of the Pakistan Stock Exchange Regulations. The disclosure was made to ensure timely communication of material corporate developments to shareholders and the investing public.
The notification was signed by Muhammad Saeed, Company Secretary of Zuma Resources Limited, who confirmed that the appointments have been made to fill the vacancies created by the resignations.
Board changes are a routine part of corporate governance and can play an important role in strengthening oversight, enhancing strategic direction, and ensuring compliance with regulatory requirements. With the addition of two independent directors, Zuma Resources aims to reinforce its governance framework and maintain effective board oversight.
The company has not disclosed any additional operational or strategic changes in connection with the new appointments.
