Karachi: Progressive Insurance Company (Ltd) has announced that its board of directors will convene a meeting on May 16, 2025, at 11:00 P.M. The meeting will be held at the company's head office located at 505-507, 5th Floor, Japan Plaza, M.A. Jinnah Road, Karachi. The primary agenda for the meeting is to consider and approve the annual accounts for the fiscal year ending in 2024.

In accordance with regulatory requirements, the company has declared a closed period from May 9, 2025, to May 16, 2025. During this period, no director, CEO, or executive of the company is permitted to directly or indirectly engage in any transactions involving the company’s shares. This decision aligns with clause 5.19.15 of the Code of Corporate Governance as outlined in the rule book of the exchange.

According to information available from the Pakistan Stock Exchange (PSX), the market category under which Progressive Insurance Company (Ltd) operates will be informed of the developments ensuing from this meeting. The company has issued directives to notify the certificate holders of the exchange accordingly.

The meeting is a routine corporate governance procedure, ensuring transparency and accountability in the financial reporting of the company. The outcomes from this board meeting are anticipated to be publicly disclosed following approval of the annual accounts.