Karachi: Ghandhara Tyre and Rubber Company Limited has announced a scheduled board meeting set for June 26, 2025, in Karachi. The primary agenda for this meeting is to deliberate on the company's annual budget for the fiscal year 2025-26.
In compliance with regulatory requirements, the company has declared a "Closed Period" from June 19, 2025, to June 26, 2025, inclusive of both dates. During this period, as stipulated under clause 5.6.4 of the Pakistan Stock Exchange (PSX) Regulations, no director, CEO, or executive will be permitted to engage directly or indirectly in any trading of the company's shares.
According to information available from the Pakistan Stock Exchange (PSX), the announcement has been circulated to inform the TRE Certificate Holders of the Exchange. This move ensures adherence to compliance and transparency standards set forth by the PSX.
The company's decision to declare a closed period aligns with the standard practices within the designated market category. The closed period is intended to prevent any conflicts of interest and maintain market integrity while the company's financial strategies are under review.