Karachi: Shahmurad Sugar Mills Limited has scheduled its next Board of Directors meeting for July 24, 2024, where the primary agenda will be to consider and approve the company’s quarterly accounts for the period ending June 30, 2024. This significant gathering will be held in Karachi, focusing on the financial progress and assessments of the recent quarter.

According to information available from the Pakistan Stock Exchange (PSX), in anticipation of this meeting, the company has instituted a closed period from July 18, 2024, to July 24, 2024. During this time, company insiders including directors, the CEO, and executives are prohibited from trading the company’s shares, complying with the regulatory requirements under clause 5.6.1 of the PSX Rule Book. This measure is intended to uphold the integrity of the financial disclosures and prevent any insider trading activities.

The company has also notified Trading Right Entitlement (TRE) Certificate Holders of the Exchange about these governance practices, ensuring transparency and adherence to the best corporate governance standards.