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Faisalabad, Chenab Limited has scheduled a Board of Directors meeting for Thursday, March 21, 2024, at the company’s registered office in Nishatabad, Faisalabad. The agenda for the meeting includes the confirmation of minutes from the last meeting held on December 22, 2023.
The Board will review and adopt the annual audited financial statements for the fiscal year ended June 30, 2023, which have been audited by M/s. RSM Avais Hyder Liaquat Nauman, Chartered Accountants. This includes examining the Directors and Auditors Reports associated with these financial statements.
Furthermore, the meeting will cover the appointment and remuneration of statutory auditors for the upcoming term. The date and time for the company’s Annual General Meeting (AGM) will also be determined during this session.
The Board intends to ratify resolutions passed by directors since the last meeting in December 2023, in accordance with clause 78 of the company’s Articles of Association. Additionally, any other business that arises will be discussed with the permission of the Chair.
In compliance with Clause 5.6.1(d) of the PSX Regulations, Chenab Limited has declared a “Closed Period” from March 14, 2024, to March 21, 2024. During this period, directors, the CEO, or any executives are prohibited from dealing in the company’s shares.
Stakeholders and TRE Certificate Holders have been advised of the upcoming board meeting and the related closed period as per regulatory requirements.