Kohinoor Energy Set to Review Annual Accounts in Upcoming Board Meeting

Lahore: Kohinoor Energy Limited has announced a forthcoming board meeting via Microsoft Teams on September 25, 2024, to discuss the company’s annual accounts for the financial year that concluded on June 30, 2024. The virtual meeting is expected to draw the participation of the Board of Directors, encompassing strategic evaluations and financial overview.

The company disclosed that the agenda for this meeting will be primarily focused on scrutinizing the financial outcomes of the past year. This annual review is a routine part of Kohinoor Energy’s governance, ensuring that all financial activities align with both corporate standards and regulatory requirements.

According to information available from the Pakistan Stock Exchange (PSX), a “closed period” has been instituted from September 18, 2024, to September 25, 2024. During this time, trading of shares by directors, the chief executive officer, and executives of the company is strictly prohibited. This measure is designed to prevent insider trading and uphold market integrity while the board discusses sensitive financial details.

The enforcement of the closed period aligns with PSX regulations, which mandate such restrictions to maintain a fair trading environment around significant corporate events such as financial disclosures and board meetings.

Investors and stakeholders of Kohinoor Energy are closely monitoring the upcoming board meeting, which is pivotal in shaping the company’s financial strategies for the coming year. This meeting will potentially influence the company’s stock performance on the PSX, as financial results often play a critical role in investor decisions.

The post Kohinoor Energy Set to Review Annual Accounts in Upcoming Board Meeting appeared first on .

The post Kohinoor Energy Set to Review Annual Accounts in Upcoming Board Meeting appeared first on AsiaNet-Pakistan.