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Karachi: Ghandhara Automobiles Limited has scheduled a Board of Directors meeting for Saturday, July 20, 2024, to deliberate on the company’s annual budget for the financial year 2024-2025.
The meeting will be conducted both in-person in Karachi and via video conferencing, allowing board members to participate remotely. According to information available from the Pakistan Stock Exchange (PSX), a “Closed Period” from July 12, 2024, to July 20, 2024, has been announced by the company in accordance with Clause 5.6.4 of PSX Regulations. During this period, no director, CEO, or executive is permitted to buy or sell company shares, either directly or indirectly.
This restriction ensures compliance with regulatory standards and maintains fairness in the handling of insider information prior to significant corporate announcements. The company has also notified the TRE Certificate Holders of the Exchange about these regulations and the upcoming closed period to ensure all procedural requirements are met.
The decisions made in this meeting will likely influence the company’s strategic direction and financial planning for the upcoming year.