Mughal Energy Limited Announces Closed Period Ahead of Board Meeting

Lahore: Mughal Energy Limited, a key player in the energy sector, has scheduled a Board of Directors meeting for October 23, 2024, at Lahore to deliberate on the interim financial results for the quarter ending September 30, 2024.

The company is set to consider its condensed interim financial statements and discuss any potential entitlements. This significant meeting is poised to provide insights into Mughal Energy’s financial health and strategic direction.

In line with the regulatory requirements of the Pakistan Stock Exchange Limited (PSX), Mughal Energy has declared a “CLOSED PERIOD” from October 16, 2024, to October 23, 2024. During this period, directors, the CEO, and executives are prohibited from dealing in the company’s shares. According to information available from the Pakistan Stock Exchange (PSX), this measure is to prevent insider trading and uphold market integrity.

The company has communicated this development to the TRE Certificate Holders of the Exchange, emphasizing compliance with Clause 5.6.4 of the PSX Rule Book. This closed period is a standard practice intended to maintain transparency and fairness in the trading of company shares during critical financial disclosures.

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