Buxly Paints Limited has proposed a significant restructuring of its management structure. The Board of Directors has passed resolutions to appoint new leadership roles within the company. The following resolutions have been approved by the Board of Directors to facilitate these changes: Resignation of Mr. Adnan Iqbal: Mr. Adnan Iqbal's resignation as CEO of Buxly Paints Limited was approved, also effective from August 01, 2023.

Appointment of Mr. Bashir Ahmed as CEO: The appointment of Mr. Bashir Ahmed as Chief Executive Officer, effective from August 01, 2023, for the remaining period of the term, was approved. This restructuring initiative at Buxly Paints Limited reflects the company's commitment to addressing the evolving business landscape while capitalizing on the strengths and capabilities of its leadership team. These changes are expected to drive the company's growth and navigate the unique challenges of the business environment.