Lahore: Nishat Chunian Limited has scheduled a board meeting for October 29, 2024, to discuss and approve its unaudited financial statements for the first quarter ending September 30, 2024. The meeting will take place at Lahore.
The purpose of the meeting, as stated in a notification sent to the General Manager of the Pakistan Stock Exchange Limited, Karachi, is to scrutinize the financial results of the quarter and consider other undisclosed items on the agenda. According to information available from the Pakistan Stock Exchange (PSX), the financial review is crucial for the company's strategic planning and compliance with financial reporting standards.
In addition, Nishat Chunian has declared a closed period from October 22, 2024, to October 29, 2024, during which no director, CEO, or executive is allowed to trade company shares. This is in compliance with Clause 5.6.4 of the PSX Rule Book, aimed at preventing any unfair advantage that could be gained from unreleased financial information.
The company has asked that the TRE Certificate Holders of the exchange be duly informed about the closed period and the upcoming board meeting.