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Karachi: Dadex Eternit Ltd. has scheduled a Board of Directors meeting for July 22, 2024, at the company’s registered office in Karachi, focusing on non-financial matters.
The company has also declared a “Closed Period” from July 15 to July 22, 2024, in line with Clause 5.6.1(d) of the PSX Regulations. During this time, Directors, the CEO, and other executives are prohibited from buying or selling company shares. This measure is designed to prevent insider trading and maintain market integrity during the decision-making process.
According to information available from the Pakistan Stock Exchange (PSX), such closed periods are critical for ensuring that all company stakeholders are operating without the undue influence that could arise from fluctuations in share prices due to insider knowledge. The specifics of the non-financial matters to be discussed have not been disclosed but are part of routine governance to ensure the company adheres to the best practices and regulatory requirements.
The members of the exchange have been duly notified to ensure compliance and transparency in accordance with corporate governance standards.