Karachi: Dewan Sugar Mills Limited has notified stakeholders that its Board of Directors will convene on Tuesday, January 28, 2025, at 4:00 p.m. in Karachi, Pakistan. The primary agenda for this meeting is to review and consider the First Quarterly Financial Statements of the Company for the period ending December 31, 2024. The review of these financial statements is a critical step in assessing the company's performance and future strategy.

Ahead of this meeting, the company has instituted a "Closed Period" starting from January 21, 2025, and lasting until January 28, 2025. This measure is in compliance with Clause 5.6.4 of the Rule Book of the Exchange, which mandates that during the Closed Period, no Director, CEO, or Executive of the company may engage, either directly or indirectly, in the trading of the company's shares. This restriction is intended to prevent insider trading and ensure transparency and fairness in the market operations concerning Dewan Sugar Mills Limited.

According to information available from the Pakistan Stock Exchange (PSX), the enforcement of a Closed Period is a standard practice among listed companies, aimed at upholding market integrity. Dewan Sugar Mills Limited's adherence to this practice underscores its commitment to regulatory compliance and corporate governance.

The company has requested that the members of the Exchanges be duly informed about the upcoming meeting and the Closed Period. Dewan Sugar Mills Limited is recognized as a significant entity within the sugar industry, and its financial disclosures and governance practices are closely monitored by investors and market analysts alike.