Sitara Energy to Review Annual Accounts in Upcoming Board Meeting

Faisalabad: The Board of Directors of Sitara Energy Limited is set to meet on September 30, 2024, to review the company’s annual accounts for the fiscal year ended June 30, 2024. The meeting will focus on the financial results of the period and discuss the declaration of any entitlements for shareholders.

The agenda for this board meeting is crucial as it will determine the financial strategies and shareholder dividends based on the company’s performance. According to information available from the Pakistan Stock Exchange (PSX), this scheduled review follows standard corporate governance practices to ensure transparency and accountability in financial disclosures.

In compliance with PSX Regulations under clause 5.6.1(d), Sitara Energy has announced a “Closed Period” from September 24 to September 30, 2024. During this period, directors, the CEO, and executives are prohibited from trading the company’s shares. This standard practice aims to prevent insider trading and maintain market integrity during critical financial disclosures.

The company has communicated these details to TRE Certificate Holders of the Exchange to ensure all market participants are aware of the restrictions and the upcoming financial review by the board.

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