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Hoechst Pakistan Limited Board Meeting Delays Financial Disclosure

Karachi: Hoechst Pakistan Limited is currently conducting a Board of Directors meeting to review the unaudited financial statements for the nine months ending September 30, 2024. The meeting, initially scheduled for on 23 Oct 2024 at the company’s head office and via video-link, continues to be in progress.

As previously communicated on October 15, 2024, the board was expected to finalize and announce the financial outcomes on 23 Oct 2024. However, due to the ongoing discussions, the company has announced a delay in the release of their financial results. According to information available from the Pakistan Stock Exchange (PSX), the financial disclosure is now rescheduled for the next working day, which is October 24, 2024.

The stakeholders, including the TRE Certificate Holders, have been advised of this delay, and the company has ensured that all pertinent results and announcements will be disclosed promptly within the newly set timeframe.

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