Karachi: Feroze 1888 Mills Limited has announced that its Board of Directors will convene on September 12, 2024, via a video link from Karachi, to deliberate on the audited accounts for the fiscal year ending June 30, 2024, and to discuss any possible entitlement declarations.
In adherence to corporate governance standards and PSX Regulations, specifically Clause 5.6.4, the company has instituted a “Closed Period” from September 4, 2024, to September 12, 2024. During this period, directors, the CEO, and executives are prohibited from trading in the company’s shares. This measure is intended to prevent insider trading ahead of the disclosure of financial results.
According to information available from the Pakistan Stock Exchange (PSX), the outcomes of this meeting are crucial for shareholders and potential investors, as they will provide insights into the company’s financial health and strategic direction for the upcoming fiscal year.
Stakeholders, including TRE certificate holders, have been duly informed of the meeting and the associated Closed Period, ensuring compliance with regulatory requirements and maintaining market integrity.
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