Karachi, Punjab Oil Mills Limited has scheduled a crucial meeting of its Board of Directors for September 22, 2023, to deliberate on and approve the Annual Audited Accounts of the company for the fiscal year ending June 30, 2023.
In adherence to regulatory requirements and in accordance with Clause 5.6-1 (cl) of PSX Regulations, Punjab Oil Mills Limited has declared a "Closed Period" from September 16, 2023, to September 22, 2023, inclusive. During this period, no Director, CEO, or Executive of the company shall engage in any direct or indirect transactions involving the shares of the company in any capacity.
This measure ensures compliance with stock exchange regulations and upholds transparency and fairness in the market. It allows the company to maintain confidentiality and prevent any potential misuse of information that could impact the share price.
The forthcoming meeting will provide a comprehensive assessment of Punjab Oil Mills Limited's financial performance for the fiscal year, offering insights into its strategic direction and prospects for the future. Shareholders and stakeholders are encouraged to follow official communication channels for updates following the meeting.