First Treet Manufacturing Modaraba Announces Upcoming Board Meeting to Discuss Annual Accounts

Lahore: A board meeting of First Treet Manufacturing Modaraba is scheduled to be held on September 27, 2024, in Lahore to review and approve the annual accounts for the fiscal year that ended on June 30, 2024. The meeting will focus on discussing potential entitlements for the period.

The company has officially declared a Closed Period starting from September 20, 2024, to the date of the meeting, September 27, 2024. During this time, directors, the CEO, and other executives are prohibited from buying or selling company shares. This is in compliance with section 5.6.1(d) of the Pakistan Stock Exchange Regulations, aimed at preventing insider trading.

According to information available from the Pakistan Stock Exchange (PSX), this decision aligns with standard regulatory requirements to ensure transparency and fairness in the handling of company disclosures and financial dealings ahead of significant announcements.

The outcomes of this meeting are crucial as they may include decisions on dividends or other shareholder entitlements, reflecting the company’s performance over the past fiscal year. Certificate holders of the exchange have been advised of the meeting and the closed period stipulations.

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