Karachi: Colgate-Palmolive (Pakistan) Limited has announced that its Board of Directors will convene at the company's registered office in Karachi on April 29, 2025. The primary agenda of the meeting is to review the un-audited financial statements for the quarter ending March 31, 2025. This meeting is a routine procedure for the company, falling within the designated market category of the Pakistan Stock Exchange (PSX).
In compliance with regulatory requirements, Colgate-Palmolive has declared a "Closed Period" starting from April 22, 2025, extending through April 29, 2025. During this time frame, no director, CEO, or executive of the company is permitted to engage in any transaction involving the company's shares. This restriction is in alignment with Clause 5.6.4 of the PSX Regulations, aiming to prevent insider trading and ensure transparency.
According to information available from the Pakistan Stock Exchange (PSX), entities listed on the exchange are mandated to observe such closed periods prior to significant financial disclosures. This ensures that all market participants have equal access to material information, thus maintaining a fair trading environment.
The company has also communicated these details to the TRE Certificate Holders of the Exchange, as per standard practice. The forthcoming board meeting and the adherence to closed period regulations underscore Colgate-Palmolive's commitment to regulatory compliance and corporate governance.