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Karachi, In an upcoming board meeting, Punjab Oil Mills Limited will convene to discuss important matters regarding the company’s future. The meeting, scheduled for June 15, 2023, in Islamabad, will focus on two significant agenda items.
Firstly, the Board of Directors will deliberate on the annual budget for the fiscal year ending June 30, 2024. This discussion aims to establish a comprehensive financial plan to guide the company’s operations and investments in the coming year.
Additionally, the board will consider the recommendation to issue bonus shares to the shareholders. It has been proposed that twenty (20) shares be distributed for every one hundred (100) shares held, equating to a bonus share proportion of 20%. This move is expected to provide additional value to the existing shareholders and strengthen their stake in the company.
In anticipation of these important decisions, Punjab Oil Mills Limited has declared a “Closed Period” from June 25 to June 26, 2023. During this period, no director, CEO, or executive, whether directly or indirectly, will be permitted to engage in any form of share dealing in the company. This precautionary measure ensures fairness and transparency in the decision-making process by preventing any potential conflicts of interest.
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