Karachi: Ghandhara Automobiles Limited announced that its Board of Directors will convene on September 26, 2024, to review the company's annual accounts for the fiscal year that ended on June 30, 2024. The meeting is scheduled to take place in Karachi and will also be accessible via video conferencing.
The purpose of this upcoming board meeting is to scrutinize the financial outcomes of the year in detail, which marks a crucial assessment of the company's financial health and operational achievements over the past year. This review comes at a time when shareholders and potential investors are keenly awaiting insights into the company’s financial direction and strategies moving forward.
According to information available from the Pakistan Stock Exchange (PSX), in compliance with PSX Regulations, particularly Clause 5.6.4, Ghandhara Automobiles has also declared a "Closed Period" starting from September 19, 2024, until the day of the board meeting on September 26, 2024. During this period, directors, the CEO, and executives are prohibited from buying or selling company shares, whether directly or indirectly.
The enforcement of this Closed Period is a standard practice intended to prevent insider trading and promote transparency while the board reviews the annual accounts. Shareholders and certificate holders of the Exchange have been duly informed about these proceedings, underscoring the company’s adherence to regulatory requirements and corporate governance standards.