Lahore: Berger Paints Pakistan Limited has announced a board meeting to be held on September 25, 2024, to consider and approve the audited financial statements for the fiscal year ended June 30, 2024. The meeting, which will be conducted via video link from Lahore, will also address the declaration of any entitlements.
According to information available from the Pakistan Stock Exchange (PSX), the directors will convene through Zoom to discuss outcomes of the year’s financial activities and potential shareholder distributions. This marks a significant governance activity for the company as it aligns its operational strategies with financial results.
Additionally, Berger Paints has initiated a closed period starting from September 19, 2024, until the day of the meeting, during which no director, CEO, or executive will be permitted to deal in the company’s shares. This is in compliance with Clause 5.6.1(d) of PSX Regulations, which restricts trading by insiders during sensitive financial discussions.
The results of this meeting are expected to influence the company’s stock performance and strategic decisions for the upcoming fiscal year. Stakeholders, particularly certificate holders of the exchange, have been duly informed of these developments.