Atlas Battery Limited Announces Board Meeting to Review Quarterly Accounts

Karachi: Atlas Battery Limited has scheduled a board meeting for October 28, 2024, to be held at Karachi. The meeting will also be accessible via video or audio link for participants, focusing on the evaluation of the quarterly financial results for the period ended September 30, 2024.

The agenda of the meeting is set to review the company’s financial performance for the last quarter as indicated by documents issued to the TRE Certificate Holders of the Pakistan Stock Exchange. This comes during a critical period as the company has entered a “Closed Period” starting from October 21, 2024, until the day of the meeting, October 28, 2024. According to information available from the Pakistan Stock Exchange (PSX), this Closed Period is in compliance with Clause 5.6.4 of the Rule Book of the Exchange, which prohibits directors, CEOs, or executives from buying or selling company shares during this time.

This measure ensures transparency and fairness in the handling of insider information prior to its public release. Atlas Battery Limited emphasizes the importance of this period to prevent any insider trading and to uphold the integrity of the financial markets.

The company’s stakeholders, particularly the TRE Certificate Holders, are advised to note the schedule and the stipulations of the Closed Period to align with regulatory requirements and corporate governance standards.

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