Karachi: A crucial board meeting of International Packaging Films Limited has been scheduled for September 10, 2024, at the company's registered office in Karachi, where the directors will review the audited financial statements for the fiscal year ended June 30, 2024.
According to information available from the Pakistan Stock Exchange (PSX), this meeting is set to deliberate on the financial performance of the year and to decide on any possible entitlements for shareholders. The agenda points to significant discussions that could influence future company policy and shareholder value.
In compliance with the regulatory framework, specifically Clause 5.6.4 of the Rule Book of PSX, the company has also announced a "Closed Period" from September 3, 2024, to September 10, 2024. During this time, directors, the CEO, and executives are prohibited from buying or selling company shares. This measure ensures that no insider trading occurs based on the potentially market-sensitive information that will be discussed during the board meeting.
The company has taken steps to communicate this information to the Certificate Holders of the Exchange, maintaining transparency with its investors and complying with market regulations.