Karachi: Towellers Limited has announced that a meeting of its Board of Directors is scheduled to take place on Tuesday, February 25, 2025, at 11:30 a.m. The meeting will be held at the company’s registered office, Towellers House, located at W.S.A. 30-31, Block No. 1, Federal “B” Area, Karachi. The primary agenda of the meeting is to discuss, consider, and approve the half-yearly accounts for the period ending December 31, 2024, among other matters.
The company has declared a “closed period” from February 18, 2025, to February 25, 2025, in accordance with Clause 5.6.4 of the Pakistan Stock Exchange Regulation. During this period, no Director, CEO, or Executive of Towellers Limited is allowed to directly or indirectly deal in the company’s shares. This regulatory measure ensures transparency and prevents insider trading during the crucial period leading up to the board meeting.
According to information available from the Pakistan Stock Exchange (PSX), Towellers Limited’s announcement of the closed period and board meeting is a procedural step to uphold compliance with market regulations. The PSX plays a pivotal role in maintaining the integrity and fairness of trading within the designated market category, ensuring that all stakeholders are duly informed and that market operations are conducted with transparency.
TRE Certificate Holders of the Exchange have been informed about the scheduled board meeting and the closed period. The meeting’s outcome will be keenly awaited by investors and market analysts alike, as it will provide insights into the company’s financial performance for the first half of the fiscal year.