Lahore: Shahzad Textile Mills Limited announced today that its Board of Directors will convene on October 4, 2024, to discuss the annual audited accounts for the fiscal year ended June 30, 2024, and consider any potential entitlement declarations. The meeting is scheduled to take place at the company's registered office in Lahore.

The company has officially entered a "Closed Period" starting from September 26, 2024, to October 4, 2024, as mandated under Clause 5.6.4 of the Rule Book of the Pakistan Stock Exchange. During this period, directors, the chief executive officer, and executives are prohibited from dealing directly or indirectly with the company's shares.

According to information available from the Pakistan Stock Exchange (PSX), this measure ensures compliance with trading restrictions that are typically imposed to prevent insider trading ahead of major announcements that could affect the company’s stock price.

This board meeting is critical as it will determine the distribution of dividends or other entitlements to the shareholders following the review of the financial outcomes for the past year. The results of this meeting are highly anticipated by the market and could influence the company's stock performance in the upcoming quarters.

Stakeholders, including certificate holders of the Exchange, have been advised of the board meeting and the associated closed period.