Faisalabad: Rafhan Maize Products Co. Ltd has announced that its Board of Directors will convene a meeting on February 21, 2025, at 8:30 a.m. The meeting will take place at the company’s Cornwala Plant located on 5-KM Jaranwala-Khurrianwala Road, Jaranwala. The primary agenda of the meeting is to consider the Annual Accounts for the fiscal period ending on December 31, 2024, and to discuss the declaration of any entitlements.
In compliance with the Pakistan Stock Exchange (PSX) regulations, Rafhan Maize has declared a “Closed Period” starting from February 13, 2025, and lasting until the conclusion of the meeting on February 21, 2025. During this time, as per Clause 5.6.4 of the PSX Regulations, no Director, CEO, or Executive of the company is permitted to engage in any direct or indirect transactions involving the company’s shares. This precaution is intended to prevent any potential misuse of insider information.
According to information available from the Pakistan Stock Exchange (PSX), Rafhan Maize Products Co. Ltd’s adherence to the closed period regulations ensures transparency and compliance with market standards. This move is likely intended to uphold the integrity of the financial results and maintain investor confidence.
The company has requested the relevant TRE Certificate Holders at the Exchange to be informed accordingly, ensuring all stakeholders are aware of the scheduled meeting and the closed period in effect. As part of the designated market category, such measures are essential for maintaining orderly market conduct and investor trust. The outcome of this meeting could potentially impact the company’s financial strategies and shareholder returns for the upcoming fiscal year.