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Lahore, Fast Cables Limited has scheduled a board meeting for June 29, 2024, to discuss and approve various agenda items, including the annual budget for the financial year 2024-25.
The company has also announced a “Close Period” from June 23, 2024, to June 29, 2024, during which no director, CEO, or executive is permitted to deal in the company’s shares, as stipulated under clause 5.6.4 of the Pakistan Stock Exchange (PSX) Rule Book. This measure is in place to prevent any insider trading during the critical period of financial discussions and decisions.
According to information available from the Pakistan Stock Exchange (PSX), such precautions are standard practice to maintain transparency and fairness in the handling of sensitive information that could affect the company’s stock prices.
The upcoming board meeting is expected to set the financial and operational roadmap for Fast Cables Limited for the next year, aligning strategic goals with budgetary allocations.
The details of the board meeting’s outcomes will be communicated to the TRE Certificate holders of the exchange to ensure compliance with regulatory requirements and maintain shareholder transparency.