⚡ Flash Summary
Beco Steel Limited has announced the adjournment of its Board of Directors meeting, originally scheduled for October 28, 2025, to October 30, 2025, at 2:00 PM in Lahore. The purpose of the meeting remains the same: to consider and approve the un-audited financial statements for the 1st Quarter ended September 30, 2025. The company has also declared a “Closed Period” from October 28, 2025, to October 30, 2025, during which directors, the CEO, and executives are prohibited from dealing with the company’s shares. This announcement ensures compliance with PSX regulations and informs stakeholders about the change in meeting schedule.
📌 Key Takeaways
- 📅 Board meeting re-scheduled from October 28 to October 30, 2025.
- 🕒 New meeting time: 2:00 PM.
- 📍 Location: 79-Peco Road, Lahore.
- 🧾 Agenda: Approval of un-audited financial statements for Q1 2025.
- 🔒 Closed Period: October 28-30, 2025.
- 🚫 Insiders restricted from trading during closed period.
- 📜 Compliance with PSX regulations (Clause 5.6.1(d)).
- 🏢 Addressed to The General Manager, Pakistan Stock Exchange Limited.
- ✉️ Sent from Beco Steel Limited.
- 👤 Signed by Abdul Shakoor, Company Secretary.
🎯 Investment Thesis
Given that the announcement is purely procedural, a HOLD recommendation is maintained. Any change in investment thesis would depend on the actual financial performance reported in the Q1 2025 results and future company announcements.
Disclaimer: AI-generated analysis. Not financial advice.