Indus Motor Company to Review Annual Financial Statements and Enter Closed Period

Karachi: The Indus Motor Company Limited has scheduled its Board of Directors meeting for Friday, August 30, 2024, at Karachi and through a virtual connection via Zoom. The primary agenda for this gathering includes the review and consideration of the company’s annual financial statements for the fiscal year ending June 30, 2024, along with the potential declaration of any entitlements.

According to information available from the Pakistan Stock Exchange (PSX), Indus Motor has also announced a “Closed period” starting from July 31, 2024, to September 21, 2024, encompassing both dates. During this period, stipulated under Clause 5.6.4 of the PSX Rule Book, no director, CEO, or executive is permitted to directly or indirectly deal in the company’s shares.

The announcement underscores the company’s compliance with regulatory requirements and emphasizes its commitment to corporate governance. Shareholders and certificate holders of the exchange have been advised of these developments to ensure transparency and adherence to market regulations.