Karachi: Amreli Steels Limited has scheduled its Board of Directors meeting for September 20, 2024, to deliberate on the company’s annual audited financial statements for the fiscal year ended June 30, 2024.
The forthcoming meeting aims to assess the company's financial performance and strategic initiatives over the past year. This assessment is crucial for outlining future business strategies and ensuring compliance with regulatory standards.
According to information available from the Pakistan Stock Exchange (PSX), the company has also initiated a "Closed Period" starting from September 13, 2024, to September 20, 2024. During this period, insiders including directors, the CEO, and executives are restricted from trading the company's shares, adhering to the PSX Regulations under Clause 5.6.1.
This mandatory closed period is a standard practice meant to prevent any unfair advantage that might arise from possessing non-public financial information before it's disclosed to the general public and investors. Amreli Steels Limited aims to maintain transparency and fairness in the handling of its financial disclosures.
Stakeholders, including TRE Certificate Holders of the Exchange, have been duly informed to ensure all parties are aware of the trading restrictions and the forthcoming board meeting agenda.