In recent filings with the Pakistan Stock Exchange, LSE Capital Limited, the Management Company of Modaraba Al-Mali, announced the resignation of two of its board members, Mr. Muhammad Usman and Mr. Hussain Ahmed Ozgen. The resignations took effect on March 27, 2024, and March 28, 2024, respectively. To address the vacancies left by these resignations, the Board of Directors has moved swiftly to appoint new members.

Mr. Yaser Manzoor and Mr. Shoaib Mir have been chosen to fill these roles, taking on the positions of Non-Executive Director and Independent Director, respectively. Their appointments are contingent upon approval from the Registrar Modaraba. The company has made it a point to promptly inform the TRE Certificate Holders of the Exchange about these significant board changes, ensuring transparency and adherence to regulatory requirements.