Islamabad: Bestway Cement Limited has scheduled a board meeting for October 23, 2024, to review the company’s financial performance for the quarter ending September 30, 2024. The company secretary, Hassan Niazi, informed the Pakistan Stock Exchange about the upcoming meeting and declared a closed period starting from October 14, 2024, until the meeting day.

According to information available from the Pakistan Stock Exchange (PSX), the closed period is a compliance measure under the clause 5.6.4 of the PSX Regulations. During this time, company directors, executives, and other insiders are restricted from trading shares of Bestway Cement. This ensures that no insider trades on material non-public information before it becomes available to the public through the upcoming financial disclosures.

The board meeting is expected to discuss the financial results of the third quarter and possibly outline the company's strategies for the coming period. Shareholders and investors are advised to look forward to the disclosures that will provide a clearer picture of the company’s performance and strategic direction.

The designation of this closed period reflects Bestway Cement’s adherence to corporate governance norms and regulatory requirements, aimed at maintaining fair trading and transparency in the dealings of shares.