Karachi: Thal Limited has announced a forthcoming meeting of its Board of Directors, scheduled for June 26, 2025. The meeting's primary agenda is the consideration of the annual budget for the fiscal year 2025-26. This strategic session will guide the company's financial planning for the forthcoming year.
In alignment with regulatory requirements, Thal Limited has instituted a "Closed Period" from June 19, 2025, to June 27, 2025. This period prohibits any Director, CEO, or Executive from engaging in transactions involving the company's shares, either directly or indirectly. This measure is in accordance with Clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations.
According to information available from the Pakistan Stock Exchange (PSX), such Closed Periods are standard practice to prevent any potential conflicts of interest or insider trading that could arise from privileged access to undisclosed financial information.
The company has communicated these developments to the TRE Certificate Holders of the exchange, ensuring all parties are informed of the trading restrictions during the specified dates. This procedural announcement underscores the company's adherence to regulatory compliance and ethical trading practices in the designated market category.