⚡ Flash Summary
Nimir Resins Limited will hold a Board of Directors meeting on October 29, 2025, to consider and approve the unaudited financial statements for the first quarter ended September 30, 2025, and to consider the declaration of entitlements, if any. A closed period will be observed from October 23, 2025, to October 29, 2025, during which Directors, CEO, or Executives of the Company are prohibited from directly or indirectly dealing in the shares of the Company. This announcement was made on October 22, 2025, and aims to inform shareholders and TRE certificate holders of the meeting and closed period.
📌 Key Takeaways
- 🗓️ Board of Directors meeting scheduled for October 29, 2025.
- 🏢 Meeting will be held at the company’s head office in Lahore and via video link.
- 📜 Agenda includes approval of unaudited financial statements for Q1 ended September 30, 2025.
- 💰 Consideration of declaration of entitlements will occur, if any.
- 🔒 Closed period in effect from October 23, 2025, to October 29, 2025.
- 🚫 Directors, CEO, and Executives are barred from dealing in company shares during the closed period.
- 🇵🇰 The closed period is mandated by Clause 5.6.1 (d) & 5.6.4 of the Pakistan Stock Exchange Limited Rule Book.
- ✉️ Announcement dated October 22, 2025.
- 🏢 Company is Nimir Resins Limited.
- 👤 Muhammad Inam-ur-Rahim, Company Secretary, issued the notice.
- ℹ️ TRE certificate holders to be informed accordingly.
- 📍 Head office located at 122-B, New Muslim Town, Lahore, Pakistan.
🎯 Investment Thesis
Based on the provided information, a HOLD recommendation is appropriate. The announcement primarily concerns procedural matters related to the financial review. Investors should await the release of the unaudited financial statements to make a more informed decision. Price target will depend on the financials to be released.
Disclaimer: AI-generated analysis. Not financial advice.