Lahore: Dost Steels Limited has announced a forthcoming Board of Directors meeting set for August 20, 2024, to discuss potentially calling an Extraordinary General Meeting (EOGM) for a fresh election of directors. This decision follows a notice received on August 2, 2024, from two shareholders invoking section 162 of the Company Act 2017.

The company has also declared a "Closed Period" from August 14, 2024, to August 20, 2024, during which no director, CEO, or executive is permitted to deal in the company’s shares. This restriction is in compliance with Clause 5.6.1(4) of the PSX Regulations. According to information available from the Pakistan Stock Exchange (PSX), these measures are part of the strict governance protocols that aim to ensure transparency and fairness in the management of the company.

Stakeholders and TRE Certificate Holders have been duly informed about these developments, aligning with the procedural requirements and enhancing shareholder communication during critical governance actions.