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Islamabad: Bestway Cement Limited has scheduled a Board of Directors meeting for July 31, 2024, to review the company’s annual audited accounts for the fiscal year ending June 30, 2024.
According to information available from the Pakistan Stock Exchange (PSX), the meeting is a routine part of Bestway Cement’s corporate governance, providing an opportunity for the board to assess the company’s financial performance and strategic direction over the past year. This review is crucial for the company’s compliance with financial regulations and for informing future business strategies.
In line with regulatory requirements, Bestway Cement has declared a “Closed Period” from July 22 to July 31, 2024. During this time, directors, the CEO, and other executives are prohibited from trading in the company’s shares, as stipulated under Clause 5.6.1.(d) of the Regulations of the Exchange. This measure is intended to prevent any potential conflicts of interest and to maintain market integrity ahead of the dissemination of significant financial outcomes.
The Exchange and its members have been duly notified about the upcoming board meeting and the closed period, ensuring that all parties are informed in accordance with market disclosure standards.