Karachi: Supernet Limited has announced that its Board of Directors will convene virtually on October 7, 2024, to review the Annual Audited Accounts for the fiscal year ending June 30, 2024, and discuss other corporate matters. The company has scheduled this meeting as part of its regulatory compliance and corporate governance obligations.

The board meeting is especially significant as it follows the close of the fiscal year, and the discussions are expected to center on the company’s financial performance and strategic direction for the upcoming year. According to information available from the Pakistan Stock Exchange (PSX), the company has also declared a close period from October 1, 2024, to October 7, 2024. During this time, directors, the chief executive officer, and executives are prohibited from buying or selling company shares.

This precaution is in line with clause 5.6.1(d) of the PSX Regulations, which aims to prevent any insider trading or conflicts of interest during periods when sensitive financial information is being finalized and reviewed. The upcoming board meeting underscores Supernet Limited’s commitment to transparency and strict adherence to market regulations.