Karachi: Dewan Farooque Motors Limited has announced that its Board of Directors will convene on November 26, 2024, in Karachi, Pakistan, to review the company's first quarter condensed interim financial statements for the period ending September 30, 2024. This meeting is a significant event for the automotive company as it assesses its financial performance for the early part of the fiscal year.

In compliance with regulatory requirements, Dewan Farooque Motors Limited has declared a "Closed Period" from November 19, 2024, to November 26, 2024. During this period, the Rule Book of the Exchange's Clause 5.6.4 mandates that no Director, CEO, or Executive is permitted to engage directly or indirectly in transactions involving the company's shares. This measure aims to prevent any insider trading and ensure transparency in the handling of company shares.

According to information available from the Pakistan Stock Exchange (PSX), the company's decision to observe a "Closed Period" aligns with standard regulatory practices meant to uphold market integrity and protect investor interests.

The company has requested that the members of the Exchanges be duly informed about these developments, highlighting its commitment to maintaining compliance with stock exchange regulations and safeguarding shareholder interests.