Lahore: The Board of Directors of Nimir Industrial Chemicals Limited has scheduled a meeting on September 19, 2024, at their Lahore office to discuss and potentially approve the audited financial statements for the fiscal year ending June 30, 2024. The meeting may also cover the declaration of entitlements.
The upcoming board gathering is poised to evaluate the company's financial outcomes following a fiscal year marked by significant activities, which remain undisclosed in detail. During this meeting, decisions regarding potential shareholder entitlements, such as dividends or other distributions, are expected to be made, contingent upon the financial results of the year.
Additionally, Nimir Industrial Chemicals has announced a "Closed Period" from September 13, 2024, to September 19, 2024. During this time, all directors, the CEO, and executives are prohibited from buying or selling company shares. This moratorium ensures compliance with Clause 5.6.1(d) of the Rule Book of the Pakistan Stock Exchange Limited, safeguarding against insider trading ahead of the disclosure of key financial information.
According to information available from the Pakistan Stock Exchange (PSX), such periods are crucial in maintaining market integrity and preventing the misuse of non-public information.
Shareholders and TRE certificate holders have been notified of these developments, ensuring transparency and adherence to regulatory requirements as the company approaches this critical review period.