Lahore: Kohinoor Spinning Mills Limited has scheduled a Board of Directors meeting on October 7, 2024, to discuss the annual accounts for the fiscal year ending the same day. This crucial session will focus on the declaration of any potential entitlements, marking a significant event in the company’s calendar.

The meeting will convene at the company’s headquarters in Lahore, as confirmed in a formal notice issued to stakeholders. The agenda specifically targets the review and approval of financial statements for the year concluded on October 7, 2024, potentially leading to announcements regarding shareholder dividends or other entitlements.

According to information available from the Pakistan Stock Exchange (PSX), Kohinoor Spinning Mills has also declared a “Closed Period” from October 1, 2024, to October 7, 2024. During this period, directors, the CEO, and executives are prohibited from buying or selling company shares. This measure, compliant with PSX Regulation 5.6.1(d), aims to prevent insider trading and maintain market integrity while the board reviews the financial results.

Stakeholders, including TRE Certificate Holders, have been duly informed about these developments, ensuring compliance with regulatory requirements and transparency towards investors. This announcement is particularly notable for the market category of Kohinoor Spinning Mills, reflecting its status and compliance in the financial ecosystem.