Lahore: The Board of Directors of Ittehad Chemicals Limited has convened a meeting on September 18, 2024, in Lahore, to discuss the company’s annual budget for the upcoming fiscal year 2024-25, among other topics. This meeting is pivotal for outlining the financial planning and strategic direction for the next year.
The board's agenda will also cover additional matters that may influence the company's future operations and strategic decisions. Key resolutions from this meeting are anticipated to have a significant impact on the company's operations, pending board approval.
In accordance with the governance and compliance framework set by the Pakistan Stock Exchange Limited, a "Closed Period" has been declared from September 11, 2024, until the meeting day on September 18, 2024. During this period, directors, the CEO, and other executives are restricted from trading the company’s shares. According to information available from the Pakistan Stock Exchange (PSX), this is a standard regulatory measure to prevent insider trading and maintain market integrity.
The company has committed to promptly disclose any material information arising from the meeting, adhering to the requirements set forth by the PSX regulations, ensuring transparency and maintaining investor trust.