Karachi: Pakistan Synthetics Limited has scheduled a Board of Directors meeting for September 26, 2024, at the company's registered office to deliberate and potentially approve the financial statements for the fiscal year that concluded on June 30, 2024, among other agenda items.

The meeting is set to discuss various pivotal aspects concerning the company's performance and strategic direction. Included in the agenda is the review of the financial outcomes for the past year, ensuring comprehensive scrutiny and approval by the board members.

According to information available from the Pakistan Stock Exchange (PSX), in compliance with clause 5.6.1(d) of the PSX Rule Book, Pakistan Synthetics has declared a "Close period" starting from September 19, 2024, until the day of the meeting, September 26, 2024. During this period, directors, the CEO, and executives are prohibited from buying or selling company shares, whether directly or indirectly. This restriction is a standard regulatory requirement aimed at preventing insider trading and ensuring fairness in transactions involving the company’s shares.

The notice also emphasizes the importance of informing all members of the exchange about these critical dates and restrictions to ensure adherence to market regulations and transparency.