Fazal Cloth Mills Limited announced changes to its Board of Directors. The company has officially informed the Pakistan Stock Exchange (PSE) of these significant changes in its leadership structure. The Board of Directors has accepted the resignation of Mr. Fahd Mukhtar.

Following his departure, Mr. Abbas Mukhtar has been appointed as a Director of the Company. This change takes effect from November 29, 2023. The appointment of Mr. Abbas Mukhtar is a notable shift in the company's governance and is expected to bring new perspectives to the board's strategic decision-making process.

Fazal Cloth Mills Limited has requested the management of the Pakistan Stock Exchange to inform the TRE Certificate Holders of the Exchange about this update. The change in the board composition is an important development for the company, reflecting its commitment to dynamic leadership and corporate governance. The appointment of Mr. Abbas Mukhtar to the Board of Directors is poised to contribute to the company's future growth and strategic direction in the textile sector.