Karachi: A meeting of the Board of Directors of the Modaraba Company, B. F. Modaraba, is scheduled to take place on April 28, 2025, at the company's registered office. The primary agenda for this meeting is to review and consider the un-audited financial statements for the quarter ending March 31, 2025.

In compliance with the Pakistan Stock Exchange (PSX) regulations, the company has announced a "Closed Period" from April 22, 2025, to April 28, 2025. This directive, as outlined under Clause 5.6.1(d) of the PSX Regulations, restricts directors, the CEO, and executives from dealing directly or indirectly in the company's certificates during this timeframe.

According to information available from the Pakistan Stock Exchange (PSX), the declaration of a closed period is a standard practice aimed at maintaining market integrity by preventing insider trading. During this period, any transactions by insiders are prohibited to ensure that no individual has an undue advantage based on the financial performance of the company that has not yet been disclosed to the public.

The company has also notified the TRE Certificate Holders of the Exchange about the closed period and the upcoming board meeting, as required by regulatory obligations. This ensures transparency and adherence to market regulations, safeguarding the interests of all stakeholders involved.

B. F. Modaraba operates within the designated market category and adheres to the regulatory framework established by the PSX, reflecting its commitment to uphold the principles of corporate governance and ethical standards in financial reporting.