International Steels Limited (ISL) announced the resignation of Mr. Shuji Tsubota from its Board of Directors, effective March 31, 2023. The company, in a notification sent to the Pakistan Stock Exchange (PSE), stated that the departure of Mr. Tsubota comes as part of the board's recent changes. ISL assured its stakeholders and the TRE Certificate Holders of the Exchange that the process to fill the casual vacancy left by Mr. Tsubota's resignation is underway, in accordance with Section 155(3) of the Companies Act, 2017.

The appointment of a new director will be announced once the selection process is completed.