HYDERABAD: Fateh Industries Limited has scheduled a board meeting on October 30, 2024, to review and consider the company's quarterly financial results for the period ending September 30, 2024. The meeting, set to take place in Hyderabad, will focus on the declaration of any entitlements that may arise from the financial outcomes.

The company has also announced a closed period from October 21, 2024, to October 30, 2024, in compliance with section 5.6.1(d) of the Pakistan Stock Exchange Regulations. During this time, the company's directors, CEO, and executives are prohibited from buying or selling company shares.

According to information available from the Pakistan Stock Exchange (PSX), this measure is taken to prevent insider trading and to ensure transparency while the board reviews the financial results. It is also a routine practice to enforce a trading blackout among the company's top executives and board members during sensitive periods involving discussions of financial results or major corporate decisions.

The outcomes of the board meeting are anticipated to be disclosed following the review of the quarterly accounts, where the company will decide on any potential entitlements based on the financial performance.

Stakeholders and TRE Certificate Holders have been informed about these developments as required.