Lahore: Colony Textile Mills Limited has announced that its Board of Directors will convene on October 7, 2024, to review the company's annual accounts for the fiscal year ending June 30, 2024. The meeting will focus on the potential declaration of any entitlements following the assessment of the year's financial outcomes.

According to information available from the Pakistan Stock Exchange (PSX), the company has instituted a closed period from October 1 to October 7, in compliance with regulation 5.6.1(d) of the PSX Regulations. During this time, directors, the CEO, and executives are prohibited from buying or selling company shares.

The closed period is a standard practice intended to prevent insider trading and to ensure that all shareholders are equally informed of financial results before any trades are made. This decision is part of the company’s commitment to uphold fair trading practices and transparency in financial disclosures.

Stakeholders, including TRE Certificate Holders of the Exchange, have been duly notified of these developments. The outcomes of the upcoming board meeting are keenly anticipated by investors who are looking for insights into the financial health and future prospects of Colony Textile Mills.