Karachi, In an unexpected move, Emco Industries Limited has announced an addendum to the book closure dates for shareholders, with the revised period now set from 24th June 2023 to 26th June 2023. This change comes after an Extra Ordinary General Meeting (EGM) held on 26th June 2023, where the decision was made to revise the initial closure period of 19th June 2023 to 26th June 2023.
The closure of the share transfer books during this period means that no transfers or changes in ownership will be permitted for Emco Industries Limited shares. Both 24th and 26th June 2023 are inclusive in the revised book closure period, according to the reference letter issued on 19th May 2023.
This unexpected revision in the book closure dates has caught many shareholders by surprise, raising speculation about the underlying reasons for this amendment. Emco Industries Limited has not provided any specific details regarding the factors that led to this change, leaving shareholders and market observers curious about the company's motivations.
The revised book closure dates will likely impact the trading activities of shareholders who were planning to make changes to their holdings during this period. It is advisable for investors and stakeholders to make note of the updated closure dates to avoid any inconvenience.