Lahore: A board meeting of Ittefaq Iron Industries Ltd is scheduled to take place on October 28, 2024, in Lahore to review the financial statements for the first quarter which ended on September 30, 2024, and to discuss potential entitlement declarations.

The company has announced a closed period from October 22, 2024, to October 28, 2024, during which no director, CEO, or executive is permitted to buy or sell company shares. This restriction is in accordance with clause 05.19.15 of the code of Corporate Governance as stipulated in the rule books of the Pakistan Stock Exchange Limited (PSX).

According to information available from the Pakistan Stock Exchange (PSX), this measure ensures compliance with trading regulations during a sensitive period when unpublished financial results could influence stock prices.

The outcomes of the board meeting, including any decisions on entitlements, will be disclosed following the review of the financial statements. Shareholders and certificate holders of the exchange have been advised of the closed period.