Reliance Weaving Mills Limited announced the resignation of Mr. Fahd Mukhtar from its Board of Directors, effective November 27, 2023. This significant change in the company's leadership structure was communicated to the Pakistan Stock Exchange Limited (PSE) in compliance with corporate governance and disclosure requirements. The company stated that the causal vacancy resulting from Mr. Mukhtar's resignation will be addressed by theBoard of Directors in due course.

This indicates that the company is in the process of finding a suitable replacement to fill the vacancy on the board, ensuring continuity in its strategic decision-making and governance. The resignation of a board member is a notable event for any publicly listed company, as it can signal changes in the company's strategic direction or governance. The board's role in guiding the company's policies and overseeing its management is crucial for the company's growth and stability.