Karachi, National Foods Limited, a leading name in the food industry, has announced an upcoming significant event. A meeting of the company's Board of Directors is scheduled to take place on September 7, 2023. The meeting is set to be held at the corporate office located in Karachi, and its key agenda is the deliberation of the Annual Accounts of the company for the fiscal year ending on June 30, 2023.

In line with corporate governance principles and exchange regulations, National Foods Limited has declared a "Closed Period" starting from August 31, 2023, and extending until September 7, 2023. This closed period is in compliance with the requirements of the Corporate Governance Regulations and Clause 5.6.4 of the PSX Regulations.

During this Closed Period, no Director, CEO, or Executive of the company will be permitted to engage in any transactions related to the company's shares, whether directly or indirectly. This measure is implemented to ensure a level playing field for all stakeholders and to prevent any undue influence on the company's share prices during a crucial financial period.

Furthermore, National Foods Limited has communicated this Closed Period to its employees as well, underscoring the company's commitment to ethical practices and compliance with regulatory guidelines. The enclosed copy of the communication provides transparency regarding the company's communication with its employees regarding the Closed Period.

The forthcoming Board meeting to review the Annual Accounts and the declaration of the Closed Period underline National Foods Limited's commitment to maintaining transparent communication, good governance, and adherence to regulatory norms, thereby fostering trust and confidence among its shareholders and stakeholders.