Karachi: In a recent corporate disclosure, Buxly Paints Ltd. has announced that its Board of Directors will convene via video link on September 25, 2024, to review and approve the Audited Financial Statements for the fiscal year that concluded on June 30, 2024. The meeting will also consider the possibility of declaring any entitlements. This session is set to take place at the company’s headquarters in Karachi, employing a virtual format for participant access.
According to information available from the Pakistan Stock Exchange (PSX), the company has further declared a "Closed Period" from September 19, 2024, to September 25, 2024. During this time, all directors, the CEO, and executives are prohibited from dealing, directly or indirectly, with the shares of the company. This measure adheres to Clause 5.6.1(d) of the PSX Regulations, ensuring compliance and governance standards are met during sensitive financial disclosures.
Stakeholders, including certificate holders of the Exchange, have been notified of these developments, ensuring transparency and adherence to regulatory requirements in anticipation of the financial outcomes and potential shareholder benefits to be discussed at the upcoming board meeting.