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Karachi: Ghandhara Tyre and Rubber Company Limited has scheduled a Board of Directors meeting for October 24, 2024, to review the financial results for the first quarter ended September 30, 2024. The meeting will take place at noon in Karachi, according to an official notification sent to the Pakistan Stock Exchange (PSX).
The notification, designated as Form-1 and circulated through PUCARS, also declares a “Closed Period” from October 14 to October 24, 2024. During this time, directors, CEO, or any executive shall refrain from directly or indirectly dealing in the company’s shares, as stipulated under clause 5.6.4 of PSX Regulations.
According to information available from the Pakistan Stock Exchange (PSX), the closed period is a standard practice to prevent trading by insiders who might have access to unreleased financial information, which could influence the market. The company has advised TRE Certificate Holders of the exchange accordingly.
The meeting underscores Ghandhara Tyre’s adherence to regulatory requirements and its commitment to transparency in operations.