AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The Board of Directors of Sakrand Sugar Mills Limited is set to convene on July 30, 2024, in Karachi to deliberate on the company’s quarterly financial statements for the period concluding on June 30, 2024. The agenda will focus on the evaluation and potential declaration of any entitlements based on these accounts.
According to information available from the Pakistan Stock Exchange (PSX), Sakrand Sugar Mills has officially declared a Closed Period starting from July 24, 2024, until the day of the board meeting. During this time, directors, the CEO, and executives are prohibited from dealing in the company’s shares, adhering strictly to PSX Regulation 5.6.1(d).
The regulation aims to prevent any insider trading during significant financial disclosures. This meeting is crucial as it will potentially influence the company’s financial direction and shareholder dividends. The Certificate Holders of the Exchange have been duly informed to ensure compliance and transparency in the proceedings.