Karachi: AKD Hospitality Limited, previously known as AKD Capital Limited, has scheduled a board meeting for October 7, 2024, to review the company’s annual accounts for the fiscal year ending June 30, 2024. The meeting will take place at 11:30 AM in Karachi.
The primary agenda for this gathering is to discuss the annual financial statements and declare any entitlements for the shareholders. The announcement, crucial for shareholders and potential investors, indicates that the company is adhering to corporate governance norms by timely reviewing its financial performance.
According to information available from the Pakistan Stock Exchange (PSX), AKD Hospitality Limited has also declared a closed period from September 30, 2024, to October 7, 2024. During this time, no director, CEO, or executive shall buy or sell company shares, following standard regulatory compliance to prevent insider trading.
This closed period is in compliance with section 5.6.1(d) of PSX regulations, ensuring that all company dealings are transparent and fair in the lead-up to the financial disclosures. The company has advised TRE Certificate Holders of the exchange to take note of these restrictions.
This meeting is significant as it reflects the company's commitment to transparency and regulatory compliance, essential for maintaining investor confidence and market stability.