Karachi: Gulistan Spinning Mills Ltd has announced a board meeting to discuss the financial statements for the first quarter ending September 30, 2024. The meeting is scheduled for October 29, 2024, at Lahore.

According to information available from the Pakistan Stock Exchange (PSX), the company has declared a "Closed Period" from October 22, 2024, to October 29, 2024. During this time, no director, CEO, or executive shall engage in trading the company’s shares, in compliance with Clause (xxiii) of the Code of Corporate Governance as contained in Listing Regulation No. 35 of the Exchange.

This closed period ensures compliance and governance transparency as the board convenes to examine the company's financial health following the close of its first fiscal quarter. The results of this meeting are keenly awaited by investors and stakeholders, who anticipate insights into the company’s performance at the onset of the financial year.

Gulistan Spinning Mills has taken these steps to maintain strict adherence to regulatory requirements and to foster transparent communication with its shareholders and the broader market.