12 May 2025 AVN/PSX/BOD/12052025
The General Manager
Pakistan Stock Exchange Limited Stock Exchange Building
Stock Exchange Road Karachi
Subject: CASUAL VACANCY AND APPOINTMENT OF NEW DIRECTOR.
Dear Sir,
In accordance with Section 96 and 131 of the Securities Act, 2015 and Clauses 5.6.1(a)(xii) of PSX Regulations, we hereby convey the following:
This is to inform you that Mr. Omar Iqbal Khan resigned from the position of Independent Director on the Board of Directors of Avanceon Limited, and as a result, a casual vacancy has arisen on the Board.
Mr. Mohammad Shahid Mir has been appointed as an Executive Director of Avanceon Limited, effective from 12 May 2025, to fill this casual vacancy and to complete the remaining term till 28 May 2026.
In pursuant of section 155 & 161 of the Companies Act, 2017, a casual vacancy was created in the Board of Directors and has been filled by the Board of Avanceon Limited as informed in the above action.
You may inform the TRE Certificate Holders of the Exchange accordingly. Yours Sincerely,
Ahsan Khalil | Company Secretary cc:
Director/HOD,
Surveillance, Supervision and Enforcement Department, Securities and Exchange Commission of Pakistan
NIC Building, 63 Jinnah Avenue, Blue Area, Islamabad.
DISCLOSURE FORM IN TERMS OF SEC 96 AND 131 OF THE SECURITIES ACT, 2015Name of the Company Avanceon Limited
Date of Report 12 May 2025
Name of the Company Specified in Memorandum Avanceon Limited
Address Regional Operations Centre,
The Avanceon Building, 19-Km, Main Multan Road, Lahore
Contact Information Ahsan Khalil
Company Secretary Tele: 042-111 940 940
Email: akhalil@avanceon.ae
DISCLOSURE OF INSIDE INFORMATION BY LISTED COMPANYThis is to inform you that Mr. Omar Iqbal Khan resigned from the position of Independent Director on the Board of Directors of Avanceon Limited, and as a result, a casual vacancy has arisen on the Board.
Mr. Mohammad Shahid Mir has been appointed as an Executive Director of Avanceon Limited, effective from 12 May 2025, to fill this casual vacancy and to complete the remaining term till 28 May 2026.
In pursuant of section 155 & 161 of the Companies Act, 2017, a casual vacancy was created in the Board of Directors and has been filled by the Board of Avanceon Limited as informed in the above action.
SIGNATURE
Pursuant of the requirements of the Securities Act, 2015, the Company has duly caused this form/ statement to be signed on its behalf by the undersigned hereunto, duly authorized.
Ahsan Khalil | Company Secretary