Karachi: The Board of Directors' meeting of Amreli Steels Limited, originally scheduled for 07 February 2025, has been adjourned and is slated to resume later the same day. The meeting, initially convened at 11:00 am, was postponed and will now continue at 05:00 pm. This update follows an earlier communication, referenced as ASL/PSX/0299/2025, dated 31 January 2025.
Amreli Steels Limited is categorized under the designated market category for companies listed on the Pakistan Stock Exchange (PSX). According to information available from the Pakistan Stock Exchange (PSX), the company had previously declared a "Closed Period" from 31 January 2025 to 07 February 2025, in compliance with Clause 5.6.1 of the Regulations of the Exchange. This period, which restricts trading activities by Directors, CEOs, or Executives, will remain effective despite the adjournment of the Board meeting.
During the Closed Period, no Director, CEO, or Executive is permitted to engage in any direct or indirect dealings concerning the company's shares. This measure ensures compliance with the regulatory framework and aims to maintain transparency and fairness in trading activities.
The company has requested that the TRE Certificate Holders of the Exchange be informed about this development accordingly. This communication underscores Amreli Steels Limited's commitment to adhering to the regulatory standards set by the Pakistan Stock Exchange.