Karachi: The Board of Directors of First Tri-Star Modaraba will convene on September 27, 2024, in Karachi to review and possibly declare any entitlements based on the annual accounts for the fiscal year ending June 30, 2024.

The meeting agenda focuses on the examination and approval of the company's financial statements for the recently concluded fiscal year. This assessment is crucial for determining any potential dividends or other entitlements for the shareholders.

According to information available from the Pakistan Stock Exchange (PSX), First Tri-Star Modaraba has also announced a mandatory closed period from September 20, 2024, to September 27, 2024, as stipulated by PSX Regulation 5.6.1(d). During this time, directors, the CEO, and executives are prohibited from buying or selling company shares, either directly or indirectly.

The closed period is a standard practice intended to prevent insider trading and to ensure that all stakeholders are on an equal footing when sensitive financial information is being reviewed and decisions are being made.

Stakeholders, particularly certificate holders of the Exchange, have been advised of these developments to ensure compliance and transparency in the proceedings.