Karachi: Burshane LPG (Pakistan) Limited announced that its 356th meeting of the Board of Directors will convene on April 29, 2025, via ZOOM video link to review and approve the unaudited financial statements for the quarter ending March 31, 2025.
In compliance with regulatory requirements, the company has instituted a "Closed Period" from April 23, 2025, to April 29, 2025, inclusive of both dates. During this period, no Director, CEO, or Executive of the company is permitted to engage in any transactions involving the company's shares, either directly or indirectly. This measure aligns with clause 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulation.
According to information available from the Pakistan Stock Exchange (PSX), the announcement of a closed period is a standard practice to prevent insider trading and maintain transparency within the market. The decision underscores Burshane LPG's commitment to adhering to the regulatory framework and ensuring fair trading practices.
The company has advised members of the exchange to take note of this announcement, reflecting its dedication to keeping stakeholders informed and maintaining compliance with the designated market category guidelines.