Karachi: Sardar Chemical Industries Limited has announced the rescheduling of its upcoming Board of Directors meeting, initially set for September but now moved to October 4, 2024. The meeting will convene at the company’s registered office and factory in KPK, with provisions made for directors to participate virtually via Google Meet.

This adjustment stems from the unavailability of the majority of board members. The new meeting date falls within a designated close period from September 28, 2024, to October 4, 2024, during which there will be restrictions on the trading of the company's shares by insiders.

The agenda for the rescheduled meeting includes several key items: the review and approval of the statement of accounts for the fiscal year that ended on June 30, 2024; setting the date, time, and venue for the forthcoming Annual General Meeting; deliberations on additional investments in fixed assets; and other matters that may arise, with permission from the Chair.

According to information available from the Pakistan Stock Exchange (PSX), the rescheduling notice has been communicated to members of the stock exchange to ensure compliance with regulatory requirements and to maintain transparency with shareholders and the market.

The decisions made at this board meeting will likely have significant implications for the company’s financial strategies and operational planning for the upcoming fiscal year.