Engro Powergen Qadirpur Limited Announces Closed Period Ahead of Financial Results

Karachi: Engro Powergen Qadirpur Limited has scheduled a board meeting on October 14, 2024, to discuss the financial results for the nine months ending September 30, 2024. The company has also declared a Closed Period starting from October 7, 2024, until the day of the meeting, prohibiting insiders from trading company shares.

The board meeting will take place at Karachi, focusing on reviewing the financial statements and potential entitlement declarations. This period of restriction on share transactions, mandated under clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange, aims to prevent insider trading during significant financial announcements.

According to information available from the Pakistan Stock Exchange (PSX), the imposition of a Closed Period is a standard practice intended to uphold market integrity by preventing any insider trading that could occur based on unpublished financial results. Such measures are crucial for maintaining transparency and fairness in the stock market, safeguarding the interests of all stakeholders.

Engro Powergen Qadirpur Limited has informed the necessary regulatory bodies, including the Securities and Exchange Commission of Pakistan, ensuring compliance with all prescribed guidelines. The results of the upcoming board meeting are keenly awaited by investors, as they will provide significant insights into the company's financial health and future direction.