Karachi: A significant board meeting of Blessed Textiles Limited is scheduled for September 30, 2024, at the company's headquarters in Karachi. The primary agenda is to review and possibly approve the Annual Accounts for the fiscal year ending June 30, 2024. This meeting could lead to the announcement of any potential entitlements.
The company has instituted a Closed Period starting from September 20, 2024, until the day of the meeting on September 30, 2024, as stipulated by PSX Regulations 5.6.1(d). During this period, directors, the CEO, and executives are prohibited from dealing in the company’s shares, whether directly or indirectly.
According to information available from the Pakistan Stock Exchange (PSX), the enforcement of the Closed Period is a standard regulatory measure intended to prevent insider trading and to maintain market integrity during critical financial disclosures.
The TRE Certificate Holders have been duly informed about the Closed Period as required by the regulations. This measure ensures that all trading parties are aware of the restrictions during this sensitive financial period.