Indus Motor Company to Review Annual Financial Statements; Declares ‘Closed Period’ for Share Transactions

Karachi, Indus Motor Company Limited has announced a meeting of the Board of Directors, scheduled to be held on August 25, 2023, in Karachi and via Zoom. The primary agenda of the meeting is to review and consider the annual financial statements of the company for the year ending June 30, 2023, and potentially declare any entitlement.

In compliance with Clause 5.6.4 of the PSX Rule Book, the company has declared a "Closed Period" from August 3, 2023, to August 28, 2023 (both days inclusive). During this period, no Director, CEO, or Executive of the company is allowed to deal in the shares of the company in any manner, either directly or indirectly.

The closed period is a regulatory measure aimed at maintaining transparency and ensuring that no insider trading takes place during the critical financial review process. Shareholders and stakeholders are advised to adhere to this restriction to uphold the integrity of the financial disclosure process.