Karachi: A R Management Services (Private) Limited, the Management Company for First Imrooz Modaraba, has announced a board meeting scheduled for October 2, 2024, to discuss the approval of the annual financial statements for the fiscal year that ended on June 30, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the board meeting will take place in Karachi, where directors will review and potentially approve the financial performance of First Imrooz Modaraba for the past year. This event is a critical part of the company's annual financial calendar and is keenly observed by investors for insights into the company's financial health.

In compliance with Rule 5.6.4 of the PSX rule book, a "Closed Period" has been announced from September 25, 2024, to October 2, 2024. During this time, no director, CEO, or executive is permitted to buy or sell company certificates directly or indirectly. The establishment of this Closed Period is a standard practice intended to prevent insider trading and to ensure that all stakeholders are privy to the financial results simultaneously when they are formally released.

The information regarding the meeting and the Closed Period has been duly posted on the PSX web portal PUCARS, ensuring transparency and adherence to regulatory requirements. Shareholders and TRE Certificate Holders have been notified of the upcoming board meeting, as it is an essential determinant of the company’s future dividend policies and operational strategies.