Karachi: EMAN Management (Private) Limited, the managing company for Orient Rental Modaraba, has announced a board meeting scheduled for September 20, 2024, in Karachi. The primary agenda for this meeting is to review and consider the Annual Financial Statements for the fiscal year that ended on June 30, 2024.
The forthcoming board meeting is crucial as it will determine the financial health and future strategy for Orient Rental Modaraba. This gathering is particularly significant for investors and stakeholders, who anticipate insights into the company’s performance and strategic directions based on the reviewed financial statements.
Additionally, EMAN Management has instituted a closed period starting from September 13, 2024, until the date of the board meeting on September 20, 2024. During this period, all directors, the CEO, and other executives are prohibited from trading in the Modaraba's certificates. This is in compliance with Clause No. 5.6.4 of the Rule Book of the Pakistan Stock Exchange.
According to information available from the Pakistan Stock Exchange (PSX), such closed periods are essential for preventing insider trading and ensuring that all stakeholders are on a level playing field when major financial disclosures are made.
The TRE Certificate Holders of the Pakistan Stock Exchange have been notified to ensure transparency and adherence to governance standards as the company navigates through this critical period of financial review.