Al-Abid Silk Mills Sets Board of Directors at Seven Members
Al-Abid Silk Mills Limited has announced that its Board of Directors has fixed the number of directors of the company at seven for the next three years, including one nominee director.
According to a notice dated April 13, 2026, the decision was approved by the company’s Board of Directors at its meeting held on the same day. The company stated that the board size has been determined in accordance with Section 159(1) of the Companies Act, 2017.
The fixed board composition will remain applicable for the next three years and will comprise seven directors in total. Of these, one position will be held by a nominee director.
The company communicated the decision to the Pakistan Stock Exchange Limited, requesting that the TRE Certificate Holders of the exchange be informed accordingly. The notice was signed by Nasim Ahmed, Company Secretary, on behalf of Al-Abid Silk Mills Limited.
The announcement represents a formal corporate governance decision concerning the composition of the company’s board. By setting the number of directors for the specified three-year period, Al-Abid Silk Mills has established the board structure that will apply during the stated timeframe.
Al-Abid Silk Mills Limited is based in Karachi, with its factories located in the S.I.T.E. area of the city. The company’s notice provides the board-size decision as a regulatory communication to the Pakistan Stock Exchange.
Key highlights:
- Company: Al-Abid Silk Mills Limited
- Board size: 7 directors
- Nominee directors: 1
- Duration: Next 3 years
- Decision date: April 13, 2026
- Legal reference: Section 159(1) of the Companies Act, 2017
- Communication: Pakistan Stock Exchange Limited
