Lahore: In a recent update, Reliance Cotton Spinning Mills Limited announced the rescheduling of its forthcoming Board of Directors meeting. Initially set for August 20, 2024, via video link, the meeting will now take place on August 28, 2024. The agenda of the meeting will focus on issues beyond financial results.

According to information available from the Pakistan Stock Exchange (PSX), the company has also initiated a “Closed Period” from August 22 to August 28. During this time, no director, CEO, or executive is permitted to buy or sell company shares. This measure adheres strictly to Clause 5.6.4 of PSX Regulation, aiming to prevent insider trading around significant corporate decisions and announcements.

This postponement allows for extended preparation and is communicated to all TRE Certificate Holders of the Exchange to ensure compliance and governance transparency.