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Karachi, Habib Rice Products Limited has called for an emergent board meeting scheduled to take place on June 3, 2023, in Karachi. The main agenda of the meeting will be to deliberate upon the proposal to increase the authorized share capital of the company.
To comply with the regulations set by the Pakistan Stock Exchange (PSX), Habib Rice Products Limited has declared a “Closed Period” from June 2, 2023, to June 3, 2023. During this period, insiders, including directors, CEO, and other executives, are prohibited from trading the company’s shares. The company has already issued notices to the concerned parties to ensure strict adherence to this restriction.
By increasing the authorized share capital, Habib Rice Products Limited aims to enhance its financial flexibility and support its strategic growth initiatives. This decision signifies the company’s commitment to expanding its market presence and further strengthening its position within the rice products industry.