Karachi: Sana Industries Limited has scheduled a board of directors meeting to review its quarterly accounts, according to a company announcement. The meeting will take place on April 28, 2025, at the company's headquarters in Karachi. The review will focus on the quarterly accounts for the period ending March 31, 2025, and will include discussions on the declaration of any entitlements.
In compliance with the Pakistan Stock Exchange (PSX) regulations, Sana Industries Limited has declared a closed period from April 21 to April 28, 2025. During this time, no directors, the CEO, or executives of the company are permitted to deal in the company's shares, whether directly or indirectly. This measure is in accordance with regulation 5.6.1(d) of the PSX Regulations, ensuring that no insider trading occurs in the lead-up to the board meeting.
According to information available from the Pakistan Stock Exchange (PSX), the closed period is a standard practice aimed at maintaining market integrity and transparency. It restricts key personnel from making trading decisions that could be influenced by confidential information not yet disclosed to the public.
Sana Industries Limited has communicated this information to the TRE Certificate Holders of the Exchange, aligning with the regulatory requirements. The company's adherence to these regulations underscores its commitment to upholding the rules set forth by the PSX, which governs the designated market category in which the company operates.