Karachi: Gharibwal Cement Limited has announced that a meeting of its Board of Directors is set to take place at 16:00 PST on Monday, February 24, 2025. The meeting will be conducted at the company”s head office and through an online platform. The primary agenda for this meeting involves the discussion and approval of the unaudited condensed interim financial statements for the half-year period ending December 31, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the company is adhering to Regulation 5.6.4 of the PSX Regulations by declaring a closed period from February 17, 2025, to February 24, 2025. During this timeframe, Gharibwal Cement Limited has restricted its Directors, CEO, CFO, and other executives from engaging in any direct or indirect transactions involving the company”s shares. This move is in line with regulatory requirements aimed at ensuring transparency and fairness in the market.

The announcement is significant for stakeholders and investors who are keenly observing the company”s financial performance and governance practices. As part of the designated market category, the decision to hold a closed period underscores Gharibwal Cement Limited”s commitment to maintaining compliance with stock exchange regulations. The market will be closely watching for the outcomes of this meeting, given the potential implications on the company’s financial standing and market perception.

The Certificate Holders of the Exchange have been duly notified of these developments, ensuring that all relevant parties are informed of the upcoming board meeting and the associated closed period.