Pak Elektron Limited Announces Board Meeting and Closed Period

Lahore: Pak Elektron Limited has announced that its Board of Directors will convene for a meeting to consider the Annual Audited Accounts for the fiscal year ending December 31, 2024. The meeting is scheduled for Tuesday, March 25, 2025, at 12:05 P.M., and will take place at the company's factory premises on Ferozepur Road, Lahore, with arrangements for virtual attendance via Microsoft Teams.

According to the company's announcement, a "Closed Period" has been declared from March 19, 2025, to March 25, 2025, in compliance with Clause 5.6.1(d) of the Pakistan Stock Exchange (PSX) Regulations. During this period, the company's Directors, CEO, and Executives are prohibited from dealing in the company's shares, either directly or indirectly.

The meeting's agenda includes the review and consideration of the Annual Audited Accounts for the year ending December 31, 2024, and any potential declarations of entitlements. Pak Elektron Limited has communicated the closed period to the Trading Right Entitlement Certificate (TRE) holders of the Exchange.

The designated market category for Pak Elektron Limited, as noted, involves the regulation pertaining to the Closed Period. According to information available from the Pakistan Stock Exchange (PSX), such measures are standard practice to ensure compliance and transparency within the trading activities of the company's shares.

The company has made a formal request to inform all relevant stakeholders of the Exchange regarding the Closed Period, emphasizing adherence to the regulatory framework.