Sanghar Sugar Mills Appoints New Chairman, CEO and Executive Director for Three-Year Term
Karachi, November 10, 2026: Sanghar Sugar Mills Limited (PSX: SANSM) has announced key appointments to its senior management and board leadership, including the election of a chairman and the appointment of a chief executive officer (CEO) and executive director for three-year terms.
In a notification submitted to the Pakistan Stock Exchange (PSX) on November 6, 2026, the company disclosed that its Board of Directors approved the appointments during a meeting held on the same day.
Ghulam Dastagir Rajar Elected Chairman
The Board of Directors elected Mr. Ghulam Dastagir Rajar as Chairman of Sanghar Sugar Mills Limited for a three-year term commencing November 4, 2026.
According to the company’s disclosure, Mr. Rajar will serve as chairman in accordance with the applicable legal provisions and the responsibilities associated with the position.
His tenure will continue for three years unless he resigns earlier, becomes ineligible or disqualified under applicable laws, or is removed by the directors.
Ghulam Hyder Appointed Chief Executive Officer
The board also approved the appointment of Mr. Ghulam Hyder as Chief Executive Officer (CEO) of Sanghar Sugar Mills Limited for a three-year period beginning November 4, 2026.
As part of the appointment, the board approved a gross monthly remuneration of Rs. 1,852,000, along with other benefits, allowances, and applicable terms and conditions.
Mr. Hyder will perform his duties in accordance with the responsibilities assigned to the chief executive officer under applicable laws and company regulations.
His appointment is subject to the same conditions regarding resignation, eligibility, disqualification, and removal by the board.
Haji Khuda Bux Rajar Named Executive Director
In another significant decision, the board approved the appointment of Haji Khuda Bux Rajar as Executive Director of the company.
His appointment will also be effective for a three-year term commencing November 4, 2026.
The board approved gross monthly remuneration of Rs. 1,706,000 for the executive director, in addition to other benefits, allowances, and applicable employment terms.
Haji Khuda Bux Rajar will undertake the responsibilities associated with his position in accordance with the company’s governance framework and applicable legal requirements.
Leadership Appointments Formally Disclosed to PSX
Sanghar Sugar Mills communicated these developments to the Pakistan Stock Exchange and the Securities and Exchange Commission of Pakistan (SECP) under the applicable disclosure requirements.
The announcement was made in accordance with Rule 5.6 of the PSX Rule Book and Sections 96 and 131 of the Securities Act, 2015.
The appointments establish the company’s board and executive leadership for the next three years, subject to the conditions specified in the board resolutions.
Corporate Governance and Management Outlook
The election of a chairman and appointment of senior executives represent important corporate governance decisions for Sanghar Sugar Mills Limited.
With the leadership positions formally approved, the company has established its senior management structure for the upcoming three-year period.
The disclosure did not provide details regarding any changes to the company’s business strategy, operational plans, or financial outlook following these appointments.
The notification was signed by Muhammad Mubeen Alam, Company Secretary of Sanghar Sugar Mills Limited, on behalf of the company.
