Pakistan Refinery Limited (PRL) Announces Chairman’s Resignation on Health Grounds
Pakistan Refinery Limited (PRL) has announced the resignation of Tariq Kirmani, an independent director who was serving as chairman of the company’s Board of Directors. According to a material information notice submitted to the Pakistan Stock Exchange (PSX) on October 12, 2026, Kirmani stepped down from both positions on health grounds, effective October 9, 2026.
The company disclosed the development in accordance with Section 96 of the Securities Act, 2015, and Clause 5.6.1(a) of the PSX Regulations. The notice was issued to inform the stock exchange and its certificate holders about the change in the company’s board leadership.
The resignation marks a change in the board-level leadership of Pakistan Refinery Limited, a company operating in Pakistan’s oil refining sector. As an independent director and chairman, Kirmani held an important position in the company’s governance structure.
The announcement did not provide details regarding the appointment of a successor or the arrangements for filling the vacant positions. Further information about the company’s future board leadership may be shared through subsequent official disclosures.
The development is relevant to shareholders and market participants monitoring corporate governance changes at listed companies. Investors will likely look for further announcements from PRL regarding its board composition and leadership arrangements.
Pakistan Refinery Limited submitted the disclosure to the Pakistan Stock Exchange on October 12, 2026, through its Company Secretary, Shehrzad Aminullah.
