Lahore: In a recent board meeting held on September 26, 2024, Nishat Chunian Limited decided against issuing any cash dividends, bonus shares, rights, or other corporate actions for the fiscal year ending June 30, 2024. The meeting, conducted at their registered office at 31-Q, Gulberg II, Lahore, focused on reviewing the company's financial results for the past year.

According to information available from the Pakistan Stock Exchange (PSX), the board's decision reflects a strategic stance in financial management, especially given the absence of any price-sensitive information announced during the session. This decision aligns with the company's conservative approach amidst the economic conditions of the period under review.

The company has scheduled its Annual General Meeting (AGM) for October 28, 2024, at the same registered office location, following approval from the PSX. This meeting will further discuss the company's strategic direction and shareholder concerns.

Additionally, Nishat Chunian has announced a book closure from October 21, 2024, to October 28, 2024, during which the Share Transfer Books will remain closed. Transfers received at the share registrar, M/s. Hameed Majeed Associates Pvt. Ltd. at H.M. House, Bank Square, Lahore by the end of office hours on October 20, 2024, will be acknowledged for the purpose of attending the AGM and any potential entitlements.

The annual report for the fiscal year will be distributed through PUCARS at least 21 days before the AGM, ensuring all shareholders have sufficient time to review the company’s performance before the meeting.