Category: Board Meetings

Karachi, Octopus Digital Limited has announced that a crucial meeting of its Board of Directors is scheduled to take place on August 29, 2023, in Lahore. The meeting will also be conducted online to discuss significant matters related to the company's financial performance and future prospects.

The primary agenda of the meeting is to review and consider the Half Yearly Accounts for the period ending June 30, 2023. The Board will closely examine the financial statements to assess the company's financial health, operational performance, and growth trajectory for the first half of the year.

In addition to discussing the financial results, the Board of Directors will also deliberate on the declaration of any entitlement. This aspect of the meeting holds importance as it pertains to the company's approach towards distributing benefits or dividends to its shareholders based on their ownership in the company.

To ensure the integrity and fairness of the decision-making process, Octopus Digital Limited has taken measures to maintain transparency and avoid any conflicts of interest. The company has declared a "Closed Period" from August 22, 2023, to August 29, 2023, in compliance with Clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations.

During the Closed Period, directors, CEOs, executives, and other relevant personnel are prohibited from engaging in any direct or indirect dealings related to the company's shares. This measure is intended to prevent any insider trading or unfair advantages that might arise from trading during a sensitive period.

As the Board of Directors convenes to deliberate on these important matters, shareholders, investors, and market observers will be keenly awaiting the outcomes of the meeting. The decisions made during this session can significantly impact the company's financial standing and shareholder returns.

The announcement of the upcoming meeting and the Closed Period underscores Octopus Digital Limited's commitment to maintaining transparency, adhering to regulatory standards, and safeguarding the interests of its shareholders and stakeholders.

Karachi, The Universal Insurance Company Limited, a prominent name in the insurance sector, has informed its stakeholders of an upcoming Board of Directors meeting. Scheduled to take place on August 28, 2023, in Rawalpindi, the meeting holds significance as it aims to deliberate upon and approve the un-audited accounts of the company for the first half of the financial year ending on June 30, 2023.

The Board of Directors will convene to review the financial performance of The Universal Insurance Company Limited for the said period. The un-audited accounts, which have been reviewed by the company's auditors, will be presented for consideration and approval during the meeting. This standard practice ensures transparency and accurate financial reporting.

In line with regulatory guidelines and corporate governance practices, the company has declared a "closed period" from August 21, 2023, to August 28, 2023. During this period, encompassing both dates, directors, the CEO, executives, and their spouses are restricted from trading in shares of the company in any manner. This measure is in accordance with clause 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations and aims to prevent any potential conflicts of interest or improper trading practices.

The forthcoming Board meeting signifies The Universal Insurance Company's commitment to upholding corporate ethics, transparency, and effective financial governance. The review and approval of the un-audited accounts by the Board of Directors not only ensure accurate reporting but also demonstrate the company's dedication to responsible financial management.

As the meeting date approaches, shareholders and stakeholders can anticipate a thorough review of the company's financial performance and its alignment with strategic objectives. The meeting presents an opportunity for the Board of Directors to provide insights, guidance, and decisions that will shape the company's trajectory in the second half of the financial year.

With the announcement of the Board meeting, The Universal Insurance Company reaffirms its dedication to maintaining high standards of corporate governance and financial reporting. The meeting holds promise for meaningful discussions and actions that will contribute to the company's continued growth and success in the insurance sector.

Karachi, Pakistan Telecommunication Company Limited (PTCL), a prominent telecommunications company in the country, has announced the convening of a significant Board of Directors meeting. Set to take place on August 29, 2023, in Islamabad, the meeting's central agenda revolves around the thorough evaluation of the company's policies and progress.

The Board of Directors' meeting is expected to serve as a platform for robust discussions on PTCL's strategic policies and overall performance. With a focus on enhancing the company's growth trajectory and ensuring alignment with industry trends, the meeting will facilitate a comprehensive analysis of various operational aspects.

During the meeting, the Board members will delve into the intricacies of the company's policies, examining their effectiveness and their alignment with PTCL's overarching goals. Evaluating policies across diverse domains enables the company to fine-tune its operations, enhance efficiency, and maintain a competitive edge in a dynamic telecommunications landscape.

Furthermore, the Board of Directors will delve into the company's progress in recent months. The progress assessment will encompass a range of key performance indicators, including financial metrics, operational achievements, technological advancements, and customer satisfaction measures.

PTCL's commitment to maintaining high standards of corporate governance is reflected in its adherence to regulatory requirements. To facilitate a transparent and unbiased evaluation process, the company has declared a "Closed Period" in accordance with Clause 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations. This Closed Period extends from August 21 to August 29, 2023, during which no Director, CEO, or Executive is permitted to engage in any transactions involving PTCL shares, whether directly or indirectly.

The meeting underscores PTCL's dedication to fostering a culture of accountability, transparency, and strategic alignment within the organization. The outcomes of the meeting are expected to shape the company's future direction, driving innovation, growth, and excellence in the telecommunications sector.

Stakeholders, including investors, customers, and industry observers, will closely monitor the outcomes of the Board meeting for insights into PTCL's strategies, policies, and progress. As a key player in Pakistan's telecommunications industry, PTCL's endeavors have a considerable impact on the sector's dynamics and the overall digital landscape of the country.

Karachi, Agritech Limited, a prominent player in the agricultural technology sector, is set to hold a crucial Board of Directors meeting on August 28, 2023. The primary agenda of the meeting will be to review the company's half-yearly financial accounts for the period ending on June 30, 2023, and discuss the possibility of declaring any entitlements.

The meeting is anticipated to be a pivotal event for the company, as it will provide stakeholders and investors with valuable insights into Agritech Limited's financial performance for the first half of the year. The company's leadership will present comprehensive financial reports, including revenue, expenses, profits, and other pertinent financial indicators, giving the Board of Directors a comprehensive overview of the company's progress.

To ensure transparency and compliance with regulatory standards, Agritech Limited has taken the proactive step of declaring a "Closed Period" beginning on August 22, 2023, and lasting until August 28, 2023. During this period, company insiders, including directors, officers, and key personnel, are prohibited from trading company shares or securities. This measure aims to prevent any potential conflicts of interest that could arise from trading while possessing non-public information about the company's financial performance.

Investors and market analysts are closely monitoring the upcoming Board meeting, as its outcomes could significantly influence the company's stock performance and overall market sentiment. The decision to declare any entitlements, which could include dividends or other shareholder benefits, will undoubtedly play a role in shaping investor perceptions of the company's future prospects.

Agritech Limited has consistently demonstrated a commitment to transparency and prudent corporate governance practices. The upcoming Board meeting is expected to uphold this tradition by providing a comprehensive review of the company's financial health and addressing matters of shareholder entitlements. As the agricultural technology sector continues to evolve and expand, stakeholders are keenly interested in Agritech Limited's strategies and financial stability, making the outcomes of this meeting of particular significance.

Karachi, Millat Tractors Limited, a prominent name in the automotive and agricultural machinery sector, has reported a series of share sell transactions carried out by Sohail Ahmed Nisar, an Executive within the company. The details of these transactions are provided below:

1. Transaction Date: August 18, 2023

Nature: Sell

Number of Shares: 5162

Rate: 433.00

Form of Share Certificates: CDC

Market: Ready

2. Transaction Date: August 18, 2023

Nature: Sell

Number of Shares: Not specified ("so" in the description)

Rate: 433.01

Form of Share Certificates: CDC

Market: Ready

3. Transaction Date: August 18, 2023

Nature: Sell

Number of Shares: 11977

Rate: 433.50

Form of Share Certificates: CDC

Market: Ready

4. Transaction Date: August 18, 2023

Nature: Sell

Number of Shares: 100

Rate: 433.52

Form of Share Certificates: CDC

Market: Ready

5. Transaction Date: August 18, 2023

Nature: Sell

Number of Shares: 188

Rate: 433.55

Form of Share Certificates: CDC

Market: Ready

6. Transaction Date: August 18, 2023

Nature: Sell

Number of Shares: 5

Rate: 433.60

Form of Share Certificates: CDC

Market: Ready

7. Transaction Date: August 18, 2023

Nature: Sell

Number of Shares: 1500

Rate: 434.00

Form of Share Certificates: CDC

Market: Ready

8. Transaction Date: August 18, 2023

Nature: Sell

Number of Shares: 325

Rate: 434.50

Form of Share Certificates: CDC

Market: Ready

9. Transaction Date: August 18, 2023

Nature: Sell

Number of Shares: 13

Rate: 434.51

Form of Share Certificates: CDC

Market: Ready

10. Transaction Date: August 18, 2023

Nature: Sell

Number of Shares: 22

Rate: 434.52

Form of Share Certificates: CDC

Market: Ready

These transactions signify a series of share sell activities carried out by Sohail Ahmed Nisar, an Executive within Millat Tractors Limited, on August 18, 2023. The transactions were executed through the CDC Ready Market platform. Each transaction involves the sale of a varying number of shares at different rates, contributing to the trading activities within the company.

Such developments in the shares market often attract attention from investors, analysts, and industry observers, as they provide insights into the trading activities of key individuals within the organization.

Karachi, The Pakistan International Container Terminal Limited (PICTL) has announced that its upcoming Board of Directors meeting is scheduled for August 28, 2023, in Karachi. The primary agenda of this gathering is to review and discuss the company's financial performance for the quarter ending June 30, 2023. The Board will also deliberate upon the potential declaration of any entitlement arising from the quarterly results.

During the meeting, the Board of Directors will critically examine the company's financial statements, evaluating factors that have influenced its performance over the second quarter of the year. This comprehensive review will help the Board make informed decisions about potential actions, including the declaration of entitlements.

In light of these proceedings, PICTL has declared a 'Closed Period' extending from August 21, 2023, to August 28, 2023. This closed period imposes restrictions on trading in the company's shares by insiders, including directors, executives, and employees, to ensure that no sensitive information is exploited prior to the official announcement of the company's financial results.

The Board's discussions during the meeting are expected to center around the financial health of the company, its operational achievements, challenges faced, and prospects for the coming quarters. The decision to declare entitlements will depend on various factors, including profitability, revenue growth, operational efficiency, and market conditions.

PICTL remains committed to maintaining transparency and adherence to corporate governance practices. The company's consistent efforts to keep stakeholders informed about its financial performance and decisions underscore its commitment to accountability and sustainable growth.

Investors, analysts, and industry observers are keenly awaiting the outcomes of the Board meeting, as the decisions made will provide insights into PICTL's current standing and its future course of action. The company's quarterly results and any declared entitlements are likely to impact the investment landscape and influence shareholder sentiments.

As the date of the Board meeting approaches, anticipation is building within the business community about the potential outcomes and their repercussions on the market. PICTL's strategic maneuvers and financial decisions will undoubtedly shape its trajectory in the rapidly evolving container terminal industry.

Karachi, Arif Habib Corporation Limited, a well-established conglomerate with diverse interests, has reported a notable share transaction carried out by Khawaja Jalaluddin Roomi, an Independent Director associated with the company. The details of the transaction are as follows:

Person: Khawaja Jalaluddin Roomi (Independent Director)

Transaction Date: August 15, 2023

Nature: Other-In

Number of Shares: 50000

Rate: 24.85

Form of Share Certificates: CDC

Market: Ready

This significant transaction involves the acquisition of 50,000 shares by Khawaja Jalaluddin Roomi, an Independent Director of Arif Habib Corporation Limited, on August 15, 2023. The transaction, categorized as "Other-In," signifies a notable investment in the company's shares.

The transaction's rate was reported at 24.85, and the shares were obtained through the CDC Ready Market platform. Independent Directors' involvement in share transactions often garners attention from investors and industry observers, as it may provide insights into their confidence in the company's growth prospects.

The acquisition of a substantial number of shares by an Independent Director underscores their commitment and belief in the company's potential for value creation. Such actions are closely watched within the industry, as they contribute to the ongoing market discourse and influence market sentiments.

Karachi, Sui Northern Gas Pipelines Limited (SNGPL) has issued a notice to its shareholders regarding an upcoming Extraordinary General Meeting. Scheduled for Monday, September 11, 2023, the meeting aims to facilitate the election of directors for the next triennial term, beginning from September 12, 2023.

During this meeting, shareholders will participate in the crucial process of selecting directors who will play pivotal roles in shaping the company's strategic direction and decisions in the upcoming years. The election of directors is a significant step in ensuring effective corporate governance and the pursuit of SNGPL's mission and objectives.

In preparation for this meeting, the company also announced the temporary closure of its share transfer books. Commencing from Tuesday, September 05, 2023, the share transfer books will remain closed until Monday, September 11, 2023. This period of closure, spanning seven days, includes both the start date and the meeting day itself.

The decision to close the share transfer books during this time is a common practice in the corporate world, aiming to ensure an accurate and up-to-date record of shareholders eligible to participate in the Extraordinary General Meeting. It provides the company with a clear snapshot of the shareholders entitled to vote and exercise their rights during the election of directors.

The Extraordinary General Meeting and the temporary closure of share transfer books signify SNGPL's commitment to transparent and accountable corporate practices. By giving shareholders the opportunity to engage in the directorial election process, the company aims to uphold its values of inclusivity, responsible governance, and shareholder involvement.

As the meeting date approaches, shareholders are encouraged to stay informed about the proceedings and actively participate in this essential aspect of SNGPL's corporate journey. The outcome of the directorial election will shape the future course of the company and its contributions to the energy sector.

Karachi, The Board of Directors of International Steels Limited is currently convening at their headquarters in Karachi for a crucial meeting set to shape the company's financial outlook. Scheduled on August 21, 2023, the meeting centers on the deliberation of the audited annual financial statements for the fiscal year that concluded on June 30, 2023.

Top executives and board members have gathered to assess the performance of the company over the past year, evaluating key financial indicators and strategic decisions that have influenced the organization's growth trajectory. The annual financial statements under scrutiny are anticipated to shed light on revenue trends, expenditure patterns, and the overall profitability of International Steels.

Investors and stakeholders have been eagerly awaiting the outcome of this meeting, as it holds the potential to reveal not only the company's financial health but also its plans for expansion, diversification, and future investments. The decisions made during this session are expected to impact shareholder confidence and market sentiment.

The audited financial statements will provide a comprehensive overview of the company's performance in the face of dynamic economic conditions, market fluctuations, and global challenges. Market analysts have been speculating about the possible outcomes of the meeting, with some predicting positive figures based on the company's consistent performance in the past, while others emphasize the need for strategic adjustments in response to evolving industry dynamics.

As the board meeting progresses, both internal and external stakeholders are closely monitoring developments. The decisions and insights emerging from this session are likely to shape International Steels' course for the upcoming financial year and offer valuable insights into the company's strategies for maintaining competitiveness and fostering sustained growth.

The final outcome of the board meeting is poised to have ripple effects throughout the business community and financial markets, potentially influencing investment decisions, stock prices, and industry perceptions. With the anticipation building, all eyes remain on International Steels Limited as the board continues its deliberations on the audited annual financial statements.

Karachi, Century Insurance Company Limited, a key player in the insurance sector, has announced a pivotal development as it schedules a Board of Directors meeting for August 25, 2023. The meeting, to be held in Karachi, will encompass an array of crucial discussions, chief among them the review of un-audited financial statements for the half-year ending June 30, 2023.

The un-audited financial statements, duly reviewed by the company's auditors, are anticipated to provide insights into Century Insurance's financial performance over the first half of the year. Such information serves as a compass for stakeholders and investors, aiding them in gauging the company's trajectory and making informed decisions.

In alignment with regulatory requirements, Century Insurance has declared a "closed period" spanning from August 18, 2023, to August 25, 2023. During this time, which covers both days inclusive, no Director, CEO, or Executive of the company shall engage in any dealings involving the shares of the company. This decision underscores the company's commitment to maintaining a level playing field and preventing any undue influence on the market during a sensitive period.

As the financial industry evolves, Century Insurance's proactive approach to financial transparency, performance review, and adherence to regulatory frameworks positions it as a model for responsible corporate practices. This upcoming Board meeting symbolizes the company's dedication to prudent financial management and fostering a culture of accountability and ethical conduct within the organization.

Karachi, Feroze1888 Mills Limited has made a significant announcement regarding the forthcoming meeting of its Board of Directors. The meeting is scheduled to take place on August 29, 2023, either in Karachi or via a video link facility. The primary agenda of this meeting is to deliberate on the Audited Accounts for the fiscal year ending on June 30, 2023, and to address potential entitlement declarations.

In accordance with regulatory obligations, the company has implemented a Closed Period, which spans from August 21, 2023, to August 29, 2023. This Closed Period aligns with Clause 5.6.4 of the PSX Regulations, aiming to ensure that during this time, no Director, Chief Executive Officer (CEO), or Executive is permitted to engage, either directly or indirectly, in any activity related to the company's shares. This step emphasizes the principles of equity, transparency, and fairness within the market.

As the Board of Directors prepares to gather for the meeting, the anticipation grows among shareholders and stakeholders alike. The discussion surrounding the Audited Accounts signifies a critical moment for the company as it reflects on its financial performance, decisions, and future prospects. The declaration of a Closed Period underscores the company's commitment to managing information flow and ensuring that no unintentional market influences take place leading up to the deliberations and potential decisions.

Feroze1888 Mills Limited's initiative to uphold the Closed Period is in line with its efforts to operate responsibly and foster a level playing field for all market participants. The outcomes of the upcoming Board meeting have the potential to significantly impact the company's trajectory and stakeholder perceptions, further emphasizing the importance of adhering to market regulations and best practices.

Karachi, Engro Corporation Limited, a prominent name in the corporate landscape, has made notable changes to its leadership and board composition, signaling strategic shifts within the organization. In compliance with legal requirements, Engro Corporation issued a statement detailing the recent decisions made by its Board of Directors in a meeting held on August 16, 2023.

Firstly, Mr. Mazhar Abbas Hasnani, who had been serving as Chief Financial Officer of the Company, has stepped down from his role. In his stead, Mr. Farooq Barkat Ali has been designated as the new Chief Financial Officer, bringing with him a wealth of financial expertise and experience.

In a significant board-level development, Mr. Mazhar Abbas Hasnani has been appointed as a non-executive director, filling a casual vacancy on the Board. This move follows the untimely demise of (Late) Shahzada Dawood, prompting Engro Corporation to co-opt Mr. Hasnani as part of its Board composition.

Furthermore, the role of Company Secretary has also seen a transition. Ms. Shomaila Loan has officially stepped down from the position, and the responsibilities of the Company Secretary will now be carried out by Mr. Mohammad Yasir Khan.

These changes, effective from August 18, 2023, reflect Engro Corporation's commitment to prudent leadership transitions, effective governance, and ensuring the continuity of its operations. The company's willingness to adapt its leadership team underscores its responsiveness to dynamic market conditions and its ongoing efforts to position itself for sustained growth.

For further insights into the background and expertise of the individuals mentioned, interested parties are encouraged to visit Engro Corporation's official website at www.engro.com, where detailed profiles of the new Board member and officers can be found.