Karachi: Husein Industries Limited has announced that a meeting of its Board of Directors will be convened on April 29, 2025, in Karachi. The purpose of the meeting is to review and consider the quarterly accounts for the period that concluded on March 31, 2025. The board will also deliberate on the declaration of any potential entitlements related to these accounts.
The company, in compliance with the Pakistan Stock Exchange (PSX) regulations, has instituted a closed period starting from April 22, 2025, through April 29, 2025. During this interval, no director, CEO, or executive of Husein Industries Limited is permitted to deal in the company's shares, either directly or indirectly. This measure is in accordance with Section 5.6.1(d) of the PSX regulations, which aims to ensure transparency and fairness in the trading of company shares.
According to information available from the Pakistan Stock Exchange (PSX), the announcement of the closed period is a standard procedure designed to prevent any potential insider trading activities. It is crucial for maintaining the integrity of the market and ensuring that all transactions are conducted on a level playing field.
TRE Certificate Holders of the Exchange have been duly informed about these developments. The company emphasizes the importance of adhering to these regulations to uphold the confidence of investors and stakeholders in the market.