Tariq Glass Industries Announces Board Meeting to Review Half-Yearly Financial Statements

Lahore: Tariq Glass Industries Ltd. has announced that a meeting of its Board of Directors is scheduled for February 21, 2025. The meeting will take place at 11:00 AM at the company's registered office located at 128-J Block, Model Town, Lahore. The primary agenda of the meeting is to review and consider the 2nd Quarterly and half-yearly Financial Statements for the period that ended on December 31, 2024. This review will be conducted alongside a limited scope review by the company's external auditors.

In compliance with regulatory obligations, Tariq Glass Industries has declared a closed period starting from February 13, 2025, until the dissemination of financial results to the Pakistan Stock Exchange Limited on February 21, 2025. During this closed period, no Director, Managing Director/CEO, or Executive of the company is permitted to engage in any dealings with the company's shares, whether directly or indirectly. This measure adheres to Clause 5.6.4 of the PSX Regulations to ensure transparency and prevent any potential conflict of interest.

According to information available from the Pakistan Stock Exchange (PSX), such closed periods are standard practice in the designated market category to maintain fair trading conditions and uphold investor confidence. This precautionary step is vital to prevent any insider trading activities that might arise from accessing non-public financial information before the official announcement.

The company has also requested that the TRE certificate holders of the Exchange be informed accordingly, ensuring all stakeholders are aware of the closed period and the upcoming board meeting. This adherence to protocol underscores Tariq Glass Industries' commitment to regulatory compliance and transparency in its financial reporting practices.