FRSM

⚡ Flash Summary

Faran Sugar Mills Ltd. announced the resignation of Mr. Khurram Aftab, a Nominee Director (NIT), from the Board of Directors. To fill this vacancy, the Board has appointed Mr. Matiuddin Siddiqui as a Non-Executive Director. This change in board composition may influence the company’s strategic direction and governance practices, though the specific impact is currently unclear without further context on the individuals involved and their roles within the company. The announcement was made on November 14, 2025, and was communicated to the Pakistan Stock Exchange Limited.

📌 Key Takeaways

• 💼 Mr. Khurram Aftab (NIT) has resigned from the Board of Directors.
• 🗓️ The announcement was made on November 14, 2025.
• 👤 Mr. Matiuddin Siddiqui has been appointed as a Non-Executive Director.
• 🏢 The company is Faran Sugar Mills Ltd.
• 📜 The announcement pertains to filling a casual vacancy on the Board.
• 📢 TRE Certificate Holders of the Exchange are to be informed.
• 📍 The company’s address includes Karachi, Pakistan.
• 🏢 The announcement was addressed to the General Manager, Pakistan Stock Exchange Limited.
• 📝 The Company Secretary, Muhammad Ayub, signed the announcement.
• 🌐 The company’s website is www.faran.com.pk.
• 📞 The company can be reached at (+92-21) 111-BAWANY (22 92 69).
• 📠 The company’s fax number is +92-21-34322864.

🎯 Investment Thesis

HOLD. The appointment of a new Non-Executive Director is unlikely to significantly alter the company’s short-term prospects. While board changes can influence long-term strategy, it’s premature to adjust the investment thesis based solely on this announcement. Further information is needed on the new director’s background and the company’s strategic direction. Price target remains unchanged, with a medium-term horizon.