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Faisalabad, Sitara Energy Limited has officially announced that its Board of Directors will convene a crucial meeting on October 2, 2023, in Faisalabad. The primary agenda of this meeting is to deliberate on the Annual Accounts for the period ending June 30, 2023, with the possibility of declaring any entitlement.
In compliance with the Pakistan Stock Exchange (PSX) Regulations, the company has declared a “Closed Period” from September 26, 2023, to October 2, 2023. This restriction, outlined under 5.6.l(d) of PSX Regulations, prohibits any Director, CEO, or Executive from engaging in any direct or indirect dealings involving the shares of the company during the Closed Period.
Sitara Energy Limited recognizes the significance of upholding transparency and regulatory compliance in its financial matters. The upcoming Board meeting reflects the company’s commitment to ensuring accurate financial reporting and responsible corporate governance.
Shareholders and stakeholders are keenly anticipating the outcome of the meeting, as it may lead to significant developments for the company. Further details and outcomes of the meeting will be communicated following its conclusion on October 2, 2023.
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