Islamabad: The Oil and Gas Development Company Limited (OGDCL) has announced a rescheduling of its Board of Directors meeting, initially set for April 28, 2025. The meeting will now take place on April 29, 2025, at 1700 hours in Islamabad. The primary agenda of the meeting is to review the quarterly accounts for the period ending March 31, 2025, and to consider the declaration of any entitlement.

According to the company's notification, this change necessitates compliance with Clause 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations. As a result, OGDCL has declared a closed period from April 21, 2025, to April 29, 2025, inclusive of both days. During this period, no Director, CEO, or Executive of the company is permitted to engage, directly or indirectly, in the trading of the company's shares.

The Oil and Gas Development Company Limited, a key player in the energy sector, is obliged to inform the Trading Right Entitlement (TRE) Certificate Holders of the Exchange about these developments. According to information available from the Pakistan Stock Exchange (PSX), the rescheduling of the meeting and the declaration of a closed period are standard practices to ensure transparency and compliance within the market.

This announcement comes amidst a period of significant activity in the energy sector, with stakeholders closely monitoring developments within OGDCL. The company's adherence to PSX regulations reflects its commitment to maintaining market integrity and shareholder confidence.